Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Royal Caribbean prices upsized $1.25b notes offering

Royal Caribbean Group priced its upsized $1.25b private offering of 6.25% senior unsecured notes due 2032.

The offering was upsized from $1b.

The notes are expected to be issued on or around March 7.

Proceeds to redeem higher-cost notes

Royal Caribbean intends to use the proceeds, together with cash on hand and/or borrowings under its revolving credit facilities, to redeem all of the outstanding 11.625% senior notes due 2027.

The notes are being offered only to qualified institutional investors outside the US.