Royal Caribbean Cruises starts private offering of $1.5 billion of senior notes
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- Royal Caribbean Cruises (NYSE:RCL) said it has commenced a private offering of $1.5 billion aggregate principal amount of senior unsecured notes due 2033.
- The firm intends to use the proceeds from the sale of the notes with borrowings under its revolving credit facilities, to redeem all of its outstanding 9.250% senior notes due 2029 and a portion of its outstanding 8.250% senior secured notes due 2029.