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Royal Caribbean Group commences $650m private notes offering

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Royal Caribbeean Group commenced a private offering of $650m in senior unsecured notes due 2026.

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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