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Royal Caribbean completes $800m notes offeringRoyal Caribbean completes $800m notes offering

Royal Caribbean Cruises Ltd. completed its previously announced offering of $800m in senior unsecured notes. The offering consisted of two tranches: $300m in 2.65% notes due 2020 and $500m in 3.7% notes due 2028.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

November 28, 2017

1 Min Read
Credit: Seatrade Cruise News

The net proceeds from the offering were approximately $791.9m, according to a filing.

As previously disclosed, Royal Caribbean intends to use the proceeds to repay debt, including its $290m unsecured term loan due 2018 and portions of its unsecured revolving credit facility due 2020 and its unsecured revolving credit facility due 2022. Any remaining proceeds will go to general corporate purposes.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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