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Royal Caribbean completes upsized $1.5bn private notes offering

CRUISE Royal Caribbean Group logo.jpg
Royal Caribbean Group closed its private offering of $1.5bn in 5.5% senior unsecured notes due 2028.

The offering was upsized from the original $1.25bn announced.

The company expects to use the net proceeds to repay principal on debt maturing or required to be paid in 2021 and 2022, with the remaining proceeds to go for general corporate purposes.