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 extends $1.1bn revolving credit facility

Royal Caribbean extends $1.1bn revolving credit facility
Royal Caribbean Cruises Ltd. entered into an agreement to extend its $1.1bn unsecured revolving credit facility until June 2020.

Under the amended facility, advances currently bear interest at LIBOR plus a margin of 1.5% and the cruise operator is subject to a facility fee currently equal to 0.25% per annum of the total commitments. 

Under the amended facility, Royal Caribbean the ability to increase the capacity of the facility by an additional $300m from time to time subject to the receipt of additional or increased lender commitments.

According to a filing, the amended facility's terms are substantially similar to those that existed prior to the amendment.

 

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish