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Royal Caribbean Group announces completion of $1.5 billion offering of senior unsecured notes
Prnewswireยท 2025-10-01 20:22
Core Viewpoint - Royal Caribbean Cruises Ltd. has successfully completed a public offering of $1.5 billion in senior unsecured notes, demonstrating financial strength and flexibility to finance upcoming projects and manage existing debt [1][4]. Group 1: Offering Details - The company issued $1.5 billion of 5.375% senior unsecured notes due January 15, 2036 [1]. - The net proceeds from the offering will be used to finance the delivery of Celebrity Xcel and to redeem or refinance existing indebtedness, including amounts under revolving credit facilities [2]. Group 2: Financial Strategy - The offering is part of the company's strategy to re-enter the investment-grade market, showcasing the strength of its balance sheet [4]. - The transaction allows the company to optimize financing for the upcoming delivery of Celebrity Xcel and address upcoming debt maturities [4]. Group 3: Regulatory Compliance - The notes were sold under an automatic shelf registration statement filed with the Securities and Exchange Commission, which became effective upon filing [3].