Royal Caribbean Completes $1.25 Billion Offering of Senior Notes Due 2034

Royal Caribbean Cruises Ltd. has completed its previously announced public offering of $1.25 billion in senior notes. The net proceeds of approximately $1.24 billion will be used to repay a portion of the company's outstanding borrowings under its floating rate term loan facilities and other existing indebtedness.

Key Details

• Offering: $1.25 billion aggregate principal amount of 5.550% Senior Notes due 2034.
• Terms: The notes mature on January 20, 2034, with interest payable semi-annually on January 20 and July 20, beginning January 20, 2027.
• Use of Proceeds: The company received net proceeds of approximately $1.24 billion, which it intends to use for debt repayment.