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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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