05:08 PM EDT, 09/26/2024 (MT Newswires) -- Royal Caribbean Cruises ( RCL ) said late Thursday that it completed a private offering of $1.5 billion of 5.625% senior unsecured notes due Sept. 30, 2031.

The firm said it intends to use the proceeds to redeem and/or repay debt, including all of the outstanding $700 million of 7.25% senior notes due 2030, after which it will have "no remaining guaranteed or secured notes outstanding."

Royal Caribbean said it also plans to repay, in full, all of its outstanding $232 million of its Silver Dawn finance lease on Sept. 27 and Nov. 25, respectively.