debt
confidence high
sentiment positive
materiality 0.70
Royal Caribbean prices $1.25B of 6.25% notes to refinance 11.625% notes due 2027
ROYAL CARIBBEAN CRUISES LTD
- Upsized private offering of $1.25B senior unsecured notes at 6.25%, due March 15, 2032.
- Proceeds will redeem all outstanding 11.625% Senior Notes due 2027, reducing interest expense.
- Issuance expected on or around March 7, 2024, subject to customary closing conditions.
- Notes offered to qualified institutional buyers under Rule 144A and abroad via Reg S.