A week after closing on a debt offering of $1.15 billion in convertible senior notes, Royal Caribbean on Monday commenced a private offering of $1 billion in senior unsecured notes due in 2027.
The proceeds from the latest offering will be used to to refinance debt maturing in 2022 and/or 2023, Royal Caribbean said.
Royal Caribbean sold the $1.15 billion in convertible senior notes at 6% interest. The notes are due in 2025, and the proceeds were used to repurchase existing convertible notes.
At the end of this year’s second quarter, Royal Caribbean Group had $17.7 billion in long-term debt, up from $8.9 billion in 2019.
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