Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping group, said it has closed its concurrent private offerings of $1.0 billion aggregate principal amount of 9.125% Senior Guaranteed Notes due 2023 and $1.15 billion aggregate principal amount of 4.250% of Convertible Senior Notes due 2023.

The Senior Notes will mature on June 15, 2023 unless earlier redeemed or repurchased and the Convertible Notes will mature on June 15, 2023, unless earlier converted, redeemed pursuant to a tax redemption or repurchased.

The Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by RCI Holdings LLC, a limited liability company formed and existing under the laws of Liberia and a direct, wholly-owned subsidiary of the company that owns 100% of the equity interest of certain of the company's wholly-owned vessel-owning subsidiaries.

The convertible notes will not be guaranteed by any of the Company's subsidiaries. RCCL expects to use the combined net proceeds from the offerings of the notes for general corporate purposes, which may include the repayment of indebtedness.