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Royal Caribbean announces pricing of $800M senior unsecured notes offering

Nov. 21, 2017 6:03 AM ETRoyal Caribbean Cruises Ltd. (RCL) StockBy: Niloofer Shaikh, SA News Editor
  • Royal Caribbean (NYSE:RCL) priced an offering of senior unsecured notes in an aggregate principal amount of $800M, consisting of two tranches.
  • The first tranche of $300M aggregate principal amount of senior unsecured notes due 2020 will bear interest at the rate of 2.650% per annum and will mature on November 28, 2020.
  • The second tranche of $500M aggregate principal amount of senior unsecured notes due 2028 will bear interest at the rate of 3.700% per annum and will mature on March 15, 2028.
  • The Senior Unsecured Notes are expected to be issued on November 28.
  • The proceeds from the offering will be utilised to repay indebtedness, including but not limited to, its $290M unsecured term loan due 2018 and portions of its unsecured revolving credit facility due 2020 and unsecured revolving credit facility due 2022, with any remaining proceeds being used for general corporate purposes.
  • Press Release

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Royal Caribbean Cruises Ltd.