Royal Caribbean Cruises Ltd. (NYSE: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.
