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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.
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