financeeHotelier··1 min·For: Owner, Investor
Royal Caribbean Closes $1.25B Notes Offering
Royal Caribbean Group has completed its public offering of $1.25 billion in 5.550% senior unsecured notes due in 2034. The company will use the proceeds to pay down floating rate term loan facilities and refinance existing debt.
Key Takeaways
- 1Issued $1.25 billion in senior unsecured notes at 5.550% maturing January 2034
- 2Net proceeds targeted to repay floating rate term loan borrowings
- 3Remaining funds will be allocated to refinance other existing indebtedness
Source: eHotelier
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