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Royal Caribbean Cruises gets $1.13 billion unsecured term loan
By Sara Rosenberg
New York, March 19 - Royal Caribbean Cruises Ltd. closed on a $1.13 billion 12-year unsecured term loan, according to an 8-K filed with the Securities and Exchange Commission on Friday.
Skandinaviska Enskilda Banken is the administrative agent on the deal that was completed on March 15. Fortis Bank, Nordea Bank, Skandinaviska Enskilda Banken and Citibank acted as the mandated lead arrangers and bookrunners.
Pricing on the loan is Libor plus 220 basis points.
Proceeds are being used to help fund the purchase of Allure of the Seas.
Royal Caribbean is a Miami-based cruise vacation company.
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