Royal Caribbean Cruises Ltd. (RCCL) has announced that it has closed its private offering of $700 million aggregate principal amount of 7.250% Senior Notes due 2030.  “The Notes will mature on January 15, 2030, unless earlier redeemed or repurchased,” the company said in a statement.

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.

“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.