Royal Caribbean Cruises intends to offer $1B senior notes
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- Royal Caribbean Cruises (NYSE:RCL) said it has started a private offering of $1 billion aggregate principal amount of senior unsecured notes due 2031.
- The firm expects to use the proceeds to redeem and/or repay its indebtedness.
- This includes, the redemption of all of its outstanding 7.250% senior notes due 2030, after which the firm will have no remaining guaranteed indebtedness.
- The firm also intends to use the proceeds to repay in full all outstanding obligations under its Silver Dawn finance lease.
- After such uses, the firm may apply some of the proceeds to temporarily repay borrowings under its revolving credit facilities.
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