Royal Caribbean Cruises, Ltd. (RCCL), the world’s second largest cruise shipping group, said it has signed a €546.7 million loan agreement with its banks to finance the construction of two Edge class cruise ships at STX France.

The banks are Citibank Europe UK Branch, Citicorp Trustee, Citibank N.A. London branch and HSBC France. The two 117,000 gross ton vessels will be delivered to RCCL group’s Celebrity Cruises premium market unit in 2018 and 2020 respectively