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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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