Royal Caribbean Cruises to redeem 11 5/8% senior notes due 2027

By Mary-Katherine Stinson

Lexington, Ky., Feb. 22 – Royal Caribbean Cruises Ltd. plans to use the proceeds from a $1 billion offering of senior notes due 2032 plus cash on hand and/or borrowings under its revolver to redeem all of its outstanding 11 5/8% senior notes due 2027, according to an 8-K filing with the Securities and Exchange Commission and a press release.

Royal Caribbean is a Miami-based cruise company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.