Royal Caribbean Group ((RCL) has closed its private offering of $1,250,000,000 aggregate principal amount of 11.625% senior unsecured notes, due 2027
The Notes will mature on 15th August, 2027 unless earlier redeemed or repurchased.
They will be issued under an Indenture, dated 18th August, 2022, between RCL and The Bank of New York Mellon Trust Company, as trustee, principal paying agent, transfer agent and registrar.
RCL said that it expected to use the net proceeds from the offering to repay principal payments on debt maturing in 2022 and/or 2023 (including to pay fees and expenses connected with the repayments).
Pending this, RCL may temporarily apply the proceeds to repay borrowings under its revolving credit facilities or other borrowings.