Royal Caribbean expects $500 million sale of 10-year notes Friday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Nov. 2 - Royal Caribbean Cruises Ltd. is selling $500 million 10-year senior notes (expected ratings Ba1/BB) on Friday, a market source said.

An investor call took place at 10:30 a.m. ET on Friday.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint physical bookrunners.

Bank of America Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. LLC and RBS Securities Inc. are the joint bookrunners.

The Securities and Exchange Commission-registered notes will be non-callable, and proceeds will be used to repay unsecured debt facilities.

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