Sponsored By

Royal Caribbean plans $1b senior unsecured notes offering

Royal Caribbean Group continues its refinancing with a private offering of $1b senior unsecured notes due 2031.

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

September 16, 2024

1 Min Read
LOGO: ROYAL CARIBBEAN GROUP

The company intends to use the proceeds to redeem and/or repay certain debts including redeeming all of its outstanding 7.25% senior notes due 2030, after which Royal Caribbean will have no remaining guaranteed debt.

Also, it plans to repay in full all outstanding obligations under its Silver Dawn finance lease.

Pending such uses, the company may apply some proceeds to temporarily repay borrowings under its revolving credit facilities.

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

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.

The latest cruise news, analysis and more straight to your inbox
Get the free newsletter read by industry experts

You May Also Like