IFLR1000

Royal Caribbean $800 million 2.65% and 3.7% notes issues

1/12/2017
Investment grade bond/note issue
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$ 800 million

Completed

1/12/2017

Overview:

  • Royal Caribbean has undertaken an $800 million debt offering.
  • The issue consists of $300 million 2.65% notes due 2020 and $500 million 3.7% notes due 2028.
  • Proceeds will be used to repay existing debts and for general corporate purposes.
  • Merrill Lynch, Pierce, Fenner & Smith, Morgan Stanley, BNP Paribas Securities, Goldman Sachs, Mizuho Securities, SMBC Nikko Securities America, BBVA Securities, Citigroup Global Markets, HSBC Securities, JP Morgan Securities, Scotia Capital and SG Americas Securities acted as underwriters on the deal.
  • The issuer is the second largest cruise company in the world.

Katrin Kostadinova - Data analyst 

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Tourism

Firms:
A&O Shearman - United States

Party: Merrill Lynch Pierce Fenner & Smith (Underwriter)

Party: Morgan Stanley (Underwriter)

Party: BNP Paribas Securities (Underwriter)

Party: Goldman Sachs (Underwriter)

Party: Mizuho Securities (Underwriter)

Party: SMBC Nikko Securities (Underwriter)

Party: BBVA Securities (Underwriter)

Party: Citigroup Global Markets (Underwriter)

Party: HSBC Securities (Underwriter)

Party: JP Morgan Securities (Underwriter)

Party: Scotia Capital (Underwriter)

Party: SG Americas Securities (Underwriter)

Skadden Arps Slate Meagher & Flom

Party: Royal Caribbean (Issuer)

Lawyer: Laura Kaufmann Belkhayat

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