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Royal Caribbean Group launches private offering of $1.5b notes
Royal Caribbean Group continues its post-pandemc refinancing by commencing a private offering of $1.5b senior unsecured notes due 2033.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
July 29, 2024
1 Min Read
LOGO; ROYAL CARIBBEAN GROUP
The company intends to use the proceeds, together with borrowings under its revolving credit facilities, to redeem all of its outstanding 9.25% senior notes due 2029 and a portion of its outstanding 8.25% senior secured notes due 2029.
The notes are being offered only to qualified institutional buyers outside the US.
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