Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping group, said it has priced an offering of senior unsecured notes in an aggregate principal amount of $800 million, consisting of two tranches.
The first tranche of $300 million aggregate principal amount of senior unsecured notes due 2020 will bear interest at the rate of 2.650% per annum and will mature on November 28, 2020.
The second tranche of $500 million aggregate principal amount of senior unsecured notes due 2028 will bear interest at the rate of 3.700% per annum and will mature on March 15, 2028.
The Senior Unsecured Notes are expected to be issued on November 28, 2017.
The company plans to use the proceeds from the offering to repay indebtedness, including but not limited to, its $290 million unsecured term loan due 2018 and portions of its unsecured revolving credit facility due 2020 and unsecured revolving credit facility due 2022, with any remaining proceeds being used for general corporate purposes, it said in a statement.