Royal Caribbean to early redeem notes due 2023 from new offering

Chicago, Sept. 22 – Royal Caribbean Cruises Ltd. announced that it plans to use the proceeds from a new offering to fund an early redemption of two series of notes due in 2023, according to an 8-K filing with the Securities and Exchange Commission.

New senior guaranteed notes will be used to buy all of the outstanding 9 1/8% priority guaranteed notes due 2023, and Royal Caribbean will use new senior secured notes to redeem all outstanding 10 7/8% senior secured notes due 2023.

Royal Caribbean is a Miami-based cruise ship operator.

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