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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.
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