debt
confidence high
sentiment positive
materiality 0.60
Royal Caribbean prices $2B of 6.000% notes due 2033, upsized from $1.5B, to refinance higher-cost debt
ROYAL CARIBBEAN CRUISES LTD
- Upsized offering from $1.5B to $2.0B aggregate principal; notes priced at 6.000% due 2033.
- Proceeds to redeem all outstanding 9.250% Senior Notes due 2029 and 8.250% Senior Secured Notes due 2029.
- Redemption will eliminate the company's remaining secured indebtedness.
- Expected issuance on or around August 12, 2024, subject to customary closing conditions.
- Offered only to QIBs under Rule 144A and non-U.S. persons under Regulation S.