05:16 PM EST, 03/07/2024 (MT Newswires) -- Royal Caribbean Group (RCL) said Thursday it closed a private offering of $1.25 billion of 6.25% senior unsecured notes due 2032.

The company said it intends to use the proceeds, together with cash on hand or borrowings under revolving credit facilities, to redeem all of its outstanding 11.625% senior notes due 2027 on Friday.

Price: 124.32, Change: -0.03, Percent Change: -0.02