Royal Caribbean Cruises Commences Private Offering Of $1B Of Senior Unsecured Notes Due 2031
Portfolio Pulse from Benzinga Newsdesk
Royal Caribbean Cruises is offering $1 billion in senior unsecured notes due 2031 to redeem and repay existing debt, including 7.250% Senior Notes due 2030 and obligations under the Silver Dawn finance lease.
September 16, 2024 | 11:31 am
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Royal Caribbean Cruises is issuing $1 billion in senior unsecured notes to manage its debt, including redeeming 7.250% Senior Notes due 2030 and repaying the Silver Dawn finance lease.
The issuance of $1 billion in notes is a strategic move to manage and reduce existing debt, which can improve the company's financial stability and potentially enhance investor confidence. This could lead to a positive short-term impact on RCL's stock price.
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