Nachrichten November 28, 2017

Royal Caribbean’s $800 Million Senior Notes Offering

Shearman & Sterling represented the underwriters in connection with a senior notes offering by Royal Caribbean. The offering consisted of $300 million aggregate principal amount of 2.65% senior notes due 2020 and $500 million aggregate principal amount of 3.7% senior notes due 2028. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co., BNP Paribas Securities, Goldman Sachs & Co., Mizuho Securities, SMBC Nikko Securities America, BBVA Securities, Citigroup Global Markets, HSBC Securities, J.P. Morgan Securities, Scotia Capital and SG Americas Securities acted as joint book-running managers in connection with the offering. Royal Caribbean intends to use the net proceeds of the offering to repay indebtedness under certain of its term loan and revolving credit facilities, with any remaining proceeds being used for general corporate purposes.

Royal Caribbean, the world’s second largest cruise company, owns and operates Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises and, through joint venture interests, operates TUI Cruises, Pullmantur and SkySea Cruises. 

The Team