Royal Caribbean Group completes $1.25 billion bond offering

Royal Caribbean Cruises Ltd. has completed a registered public offering of $1.25 billion in senior unsecured notes. The notes carry an interest rate of 5.550% and are scheduled to mature on January 20, 2034.

The company plans to utilize the net proceeds from this sale to repay portions of its outstanding borrowings under floating rate term loan facilities. Any remaining funds will be used to repay or refinance other existing indebtedness. BNP Paribas Securities Corp., BofA Securities, Inc., and Citigroup Global Markets Inc. served as the lead book-running managers for the offering.