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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.
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