Royal Caribbean gets $1.225 billion amended and restated revolver

By Sara Rosenberg

New York, July 3 - Royal Caribbean Ltd. closed on a $1.225 billion amended and restated unsecured revolving credit facility due June 29, 2012, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

Citigroup and DNB Nor Bank acted as the co-lead arrangers on the deal, which was completed on June 29. JPMorgan, RBS and the Bank of Nova Scotia acted as co-documentation agents.

Pricing can range from Libor plus 30 to 105 basis points, based on ratings.

Borrowings will be used for general corporate purposes.

Royal Caribbean is a Miami-based cruise company.

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