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Royal Caribbean Group prices upsized $1.5bn private notes offering

Royal Caribbean Group priced its private offering of $1.5bn in senior unsecured notes due 2028 at 5.5%.

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

March 24, 2021

1 Min Read
Credit: Seatrade Cruise News

In response to strong investor demand, the offering was increased from the $1.25bn announced. The notes are expected to be issued on or around March 29.

Use of proceeds

The company intends to use the proceeds to repay principal payments on debt maturing or required to be paid in 2021 and 2022, with the remaining to be used for general corporate purposes.

The notes are being offered only to qualified institutional buyers outside the US.

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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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