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Royal Caribbean to repay revolver debt with bond sale proceeds
By Sara Rosenberg
New York, Nov. 18 - Royal Caribbean Cruises Ltd. said it plans to repay debt under its unsecured revolver with a portion of the proceeds from a $350 million senior notes offering.
Remaining proceeds from the bond deal will be used for general corporate purposes, including capital expenditures, and to enhance the company's overall liquidity position, according to a company news release.
Royal Caribbean is a Miami-based cruise line.
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