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Royal Caribbean completes $1bn 5.5% notes offering

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Royal Caribbean Group closed its private offering of $1bn 5.5% senior unsecured notes due 2026.

The Bank of New York Mellon Trust Co., NA acted as trustee, principal paying agent, transfer agent and registrar for the notes.

Royal Caribbean expects to use the net proceeds for general corporate purposes, including the replenishment of capital as a result of the redemption of 40% of its 11.5% senior secured notes due 2025 and the refinancing of future debt maturities.