Royal Caribbean To Raise $700M Via Debt Offering

Royal Caribbean Cruises Ltd RCL has commenced a private offering of $700 million of senior unsecured notes due 2027 to be issued by the company.
The company intends to use the proceeds from the sale of the Notes to repay principal payments on debt maturing in 2022.
Pending such uses, the company may temporarily apply the proceeds to repay borrowings under its revolving credit facilities or other borrowings.
As of the date of the release of its Q2 results, the company's scheduled debt maturities for 2022 were $2.2 billion.
Price Action: RCL shares are trading higher by 3.03% at $83.28 on the last check Tuesday.