Royal Caribbean Cruises Ltd. (RCCL), the second largest cruise shipping group in the world, has increased the amount of 10 year senior unsecuted notes it will offer to $650 million from $500 million.
“The Senior Unsecured Notes were priced at 100% of the principal amount, will bear interest at the rate of 5.250% per annum and will mature on November 15, 2022. The Senior Unsecured Notes are expected to be issued on November 7, 2012,” RCCL said, adding that it plans to use the proceeds from the offering to repay amounts outstanding under its unsecured debt facilities.