Royal Caribbean (RCL) has released an update.
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Royal Caribbean Cruises Ltd. has announced the pricing of a $1.25 billion private offering of 6.25% senior unsecured notes due in 2032. The company plans to utilize the proceeds, along with other available funds, to redeem their existing high-interest 11.625% Senior Notes due in 2027. The new notes, which are aimed at qualified institutional buyers and certain non-U.S. investors, will not be publicly registered and are subject to customary closing conditions, with issuance expected around March 7, 2024.
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