The notes will be issued under an Indenture dated June 24 between the company and The Bank of New York Mellon Trust Co., NA as trustee, principal paying agent, transfer agent and registrar.
Use of proceeds
Royal Caribbean Group expects to use the net 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 were offered only to qualified institutional buyers outside the US.
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