Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping group, said it had priced its private offering of $700 million aggregate principal amount of 7.250% Senior Notes due 2030.

“The Company intends to use the proceeds from the sale of the Notes to repay principal payments on debt maturing in 2023 and/or 2024,” it said in a statement.   

The Notes would mature on January 15, 2030. “The Notes will be guaranteed on a senior unsecured basis by RCI Holdings LLC, which owns 100% of the equity interests of certain of the Company's wholly-owned vessel-owning subsidiaries,” RCCL said.