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Royal Caribbean prices $650m private notes offering

Royal Caribbean Group priced its private offering of $650m 4.25% senior unsecured notes due 2026.

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

June 15, 2021

1 Min Read
Credit: Seatrade Cruise News

The notes are expected to be issued on or around June 24.

Use of proceeds

The company intends to use the proceeds to fund the redemption in full of approximately $619.8m of its 7.25% senior secured notes due 2025 issued by Silversea Cruise Finance Ltd. (including to pay call premiums, fees and expenses), and the remaining for general corporate purposes.

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.

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