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Royal Caribbean to redeem $619.8 million of 7¼% notes due 2025
By Rebecca Melvin
Concord, N.H., June 15 – Royal Caribbean Cruises Ltd. said it plans to redeem in full about $619.8 million principal amount of its 7¼% senior secured notes due 2025, according to a company news release.
The redemption of the notes, issued by Silversea Cruise Finance Ltd., includes call premiums, fees and expenses and is to be funded with proceeds of a new notes offering.
Remaining proceeds of the new $650 million of senior unsecured notes due 2026 will be used for general corporate purposes.
The cruise vacation company is based in Miami.
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