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Royal Caribbean arranges Oasis 4 financing

Royal Caribbean arranges Oasis 4 financing

Royal Caribbean Cruises Ltd. arranged financing for its fourth Oasis-class ship at STX France, which cut steel for the newbuild this week. The unsecured term loan is for an amount up to the US dollar equivalent of approximately €931m.

The financing is fully guaranteed by France's export credit agency, Compagnie Française D’Assurance pour le Commerce Extérieur.

The 12-year loan, to be assigned to Royal Caribbean once the ship is delivered in the second quarter of 2018, will amortize semi-annually. At the company's election, interest will accrue at a fixed rate of 3.72% or at a floating rate equal to LIBOR plus 1.1%. 

Citibank International served as facility agent. The lenders are Banco Santander, the Bank of Tokyo-Mitsubishi UJF, Citibank London branch, HSBC France, Skandinaviska Enskilda Banken, Société Générale and Sumitomo Mitsui Banking Corp. Europe.

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