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.

Comments

From Our Partners


From Our Partners

2021 Riviera Nayarit
Location, Location, Location, Choose Riviera Nayarit
Register Now
Los Cabos pool
Los Cabos
Read More
2021 Ireland Luxury Marketplace
Ireland Luxury Marketplace
Register Now

JDS Travel News JDS Viewpoints JDS Africa/MI