Each facility is for up to 80% of each ship's contract price, which may be adjusted to reflect change orders outlined in the construction contract with Meyer Werft, but is not to exceed the dollar equivalent of €931m.
The loans will amortize semi-annually and mature 12 years following the delivery of each ship. At Royal Caribbean's election, interest will accure at a fixed rate of 3.45% or at a floating rate equal to LIBOR plus 0.95%.Â
The Quantum vessels are due for hand-over in the second quarter of 2019 and the fourth quarter of 2020.