Royal Caribbean Group Seeks to Raise $650 Million From Notes Offering
June 15 2021 - 8:15AM
Dow Jones News
By Dave Sebastian
Royal Caribbean Group said it has started a private offering of
$650 million in senior unsecured notes due 2026.
The cruise operator Tuesday said it intends to use proceeds from
the sale of the notes to fund the redemption of about $619.8
million of the 7.25% senior secured notes due 2025 issued by
Silversea Cruise Finance Ltd., and the remainder to fund its
operations.
The company is set to resume its first U.S. sailing later this
month, ending a more-than-yearlong hiatus in the country.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
June 15, 2021 08:04 ET (12:04 GMT)
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