04 Jun 2020
Royal Caribbean announced on Thursday it is offering up to $2 billion in senior notes and convertible bonds that mature in 2023 in two separate offerings.
The company said in a statement it will use the proceeds for "general corporate purposes", which may include repaying debt.
The Senior Notes will be fully and unconditionally guaranteed on a senior unsecured basis by a newly formed, direct wholly-owned subsidiary of the Company that will own all the equity interests in the Company’s subsidiaries that own seven of the Company’s vessels with an aggregate net book value of approximately $7.7 billion. The Convertible Notes will not be guaranteed by any of the Company’s subsidiaries.
