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Royal Caribbean extends $1.1bn revolving credit facilityRoyal 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.

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

June 19, 2015

1 Min Read
Credit: Seatrade Cruise News

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.

 

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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