Royal Caribbean to repay term loan, revolvers via new note proceeds

By Sarah Lizee

Olympia, Wash., Nov. 20 – Royal Caribbean Cruises Ltd. intends to repay debt under its $290 million term loan due 2018 and portions of its $1.4 billion revolving credit facility due 2020 and $1.2 billion revolver due 2022, according to a 424B5 filing with the Securities and Exchange Commission.

The company said it plans to use proceeds from a new offering of two tranches of senior notes to repay the debt.

Any remaining proceeds will be used for general corporate purposes.

Royal Caribbean is a cruise line company based in Miami.

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