Royal Caribbean raises more than $3 billion on the debt market: Travel Weekly

Royal Caribbean raises more than $3 billion on the debt market

|
Royal Caribbean raises more than $3 billion on the debt market
Photo Credit: Tom Stieghorst

Royal Caribbean Cruises Ltd. (RCCL) has raised $3.32 billion via debt issue.

RCCL has closed on $1 billion in senior secured notes at 10.88% due in 2023 and $2.32 billion senior secured notes at 11.5% due in 2025. 

The debt is secured by 28 of RCCL’s ships as well as its intellectual property.

RCCL said it will use a portion of the money to repay its $2.35 billion, 364-day senior secured term loan it entered into with Morgan Stanley Senior Funding in March.

From Our Partners


From Our Partners

Designed Together. Beyond Expectations. Discover Luxury Japan with BOUTIQUE JTB
Designed Together. Beyond Expectations. Discover Luxury Japan with BOUTIQUE JTB
Register Now
Revenue, Retention and Risk: The Business Case for Integrated Travel Insurance Technology
Revenue, Retention and Risk: The Business Case for Integrated Travel Insurance Technology
Read More
Maximize Your River Cruise Sales This Black Friday
Maximize Your River Cruise Sales This Black Friday
Register Now

JDS Travel News JDS Viewpoints JDS Africa/MI