debt
confidence high
sentiment positive
materiality 0.65
Royal Caribbean announces $1.5B senior unsecured note offering to refinance 2029 notes
ROYAL CARIBBEAN CRUISES LTD
- Offering $1.5B aggregate principal of senior unsecured notes due 2033 in a private placement.
- Proceeds, plus revolver borrowings, will redeem all 9.250% Senior Notes due 2029 and a portion of 8.250% Senior Secured Notes due 2029.
- Refinancing aims to lower interest expense by retiring high-cost debt issued earlier.
- Notes offered only to QIBs under Rule 144A and non-U.S. persons under Regulation S.