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Royal Caribbean extends maturity for Bank of America term loanRoyal Caribbean extends maturity for Bank of America term loan

Royal Caribbean Group extended by 12 months the maturity date of advances held by consenting lenders for its unsecured term loan agreement with Bank of America as administrative agent.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

September 20, 2022

1 Min Read
Credit: Seatrade Cruise News

The new maturity date is now October 2024.

Consenting lenders received a prepayment equal to 10% of their respective outstanding advances.

$501.6m outstanding balance

Following this amendment, the aggregate outstanding principal balance of advances under the Bank of America term loan is $501.6m, with $30m maturing in October 2023 and $471.6m maturing in October 2024.

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Royal Caribbean Group

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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