debt
confidence high
sentiment neutral
materiality 0.50
Royal Caribbean closes $1.5B senior notes offering at 5.625% to refinance existing debt
ROYAL CARIBBEAN CRUISES LTD
- Net proceeds of ~$1.49B to redeem $700M of 7.250% Senior Notes due 2030 and repay $232M Silver Dawn finance lease.
- Notes mature Sept 30, 2031; interest payable semi-annually at 5.625% per annum.
- After redemption, company will have no remaining guaranteed or secured notes outstanding.
- Offering completed on Sept 26, 2024 via private placement exempt from registration.