Royal Caribbean Announces Pricing of $300 Million Senior Notes Offering
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Royal Caribbean Announces Pricing of $300 Million Senior Notes Offering
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Category: Worldwide - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2009-07-01
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today announced that it has priced an offering of $300 million aggregate principal amount of Senior Notes due 2015. The Senior Notes were priced at 97.399% of the principal amount, will bear interest at the rate of 11.875% per annum and will mature on July 15, 2015. The Senior Notes are expected to be issued on July 6, 2009.
The company plans to use the proceeds from the offering for general corporate purposes, including repayment of amounts outstanding under its unsecured revolving credit facility.
Morgan Stanley & Co. Incorporated, Banc of America Securities LLC and Goldman, Sachs & Co. acted as joint book-running managers and representatives of the underwriters for the offering.
The offering was made pursuant to a shelf registration statement filed with the Securities and Exchange Commission. A written prospectus for the offering meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405) may be obtained from the offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New York 10014, Attention: Prospectus Department.
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