Royal Caribbean retires $800 million 4.25% convertibles, $350 million 2.875% convertibles

By Wendy Van Sickle

Columbus, Ohio, Aug. 8 – Royal Caribbean Cruises Ltd. repurchased $800 million of its 4.25% convertible senior notes due June 15, 2023 and $350 million of its 2.875% convertible senior notes due Nov. 15, 2023, according to a press release.

The notes were repurchased in privately negotiated transactions using proceeds of the company’s $1.15 billion of new 6% convertibles due 2025. The repurchased notes were retired.

The issuer is a Miami-based cruise holding company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.