Royal Caribbean Group has announced that it has priced its private offering of US$1.0 billion aggregate principal amount of 5.5 per cent senior unsecured notes due 2026. The notes will mature on August 31, 2026.
The notes are expected to be issued on or around August 19, 2021, subject to customary closing conditions.
The company intends to use the proceeds from the sale of the notes for general corporate purposes, including the replenishment of capital as a result of the up to 40 per cent redemption of its 11.5 per cent senior secured notes due 2025 and the refinancing of future debt maturities.
The company said this is not an offer to sell or the solicitation of an offer to buy any security. The notes are being offered only to persons reasonably believed to be qualified institutional buyers and outside the United States, only to certain non-US investors.
The notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.