MIAMI, June 30 /PRNewswire-FirstCall/ -- Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today announced that it has priced an offering of $300 million aggregate principal amount of Senior Notes due 2015. The Senior Notes were priced at 97.399% of the principal amount, will bear interest at the rate of 11.875% per annum and will mature on July 15, 2015. The Senior Notes are expected to be issued on July 6, 2009.
The company plans to use the proceeds from the offering for general corporate purposes, including repayment of amounts outstanding under its unsecured revolving credit facility.
Morgan Stanley & Co. Incorporated, Banc of America Securities LLC and Goldman, Sachs & Co. acted as joint book-running managers and representatives of the underwriters for the offering.
The offering was made pursuant to a shelf registration statement filed with the Securities and Exchange Commission. A written prospectus for the offering meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405) may be obtained from the offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Cruises and CDF Croisieres de France. The company has a combined total of 37 ships in service and six under construction. It also offers unique land-tour vacations in Alaska, Asia, Australia, Canada, Europe, Latin America and New Zealand.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Senior Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
Certain statements in this news release are forward-looking statements. Words such as 'anticipate', 'believe', 'could', 'estimate', 'expect', 'goal', 'intend', 'may', 'plan', 'project', 'seek', 'should', 'will', and similar expressions are intended to help identify these forward-looking statements.
