Summary
Royal Caribbean Cruises Ltd. (RCL) filed a Form 6-K on May 6, 2003, to announce the pricing of a public offering of $250 million in 8.00 percent Senior Notes due 2010. The notes were priced at 99.339% of the principal amount, indicating a slight discount to par. This offering is part of a previously established shelf registration, allowing the company to access capital efficiently. The net proceeds from this debt issuance are designated for general corporate purposes, including capital expenditures. This indicates that RCL is likely investing in its fleet or infrastructure to support future growth or operational improvements. The pricing of the notes suggests favorable borrowing conditions for the company at the time.
Key Highlights
- 1Royal Caribbean Cruises Ltd. announced the pricing of a $250 million public offering of Senior Notes.
- 2The Senior Notes carry an 8.00 percent coupon and are due in 2010.
- 3The notes were priced at 99.339% of their principal amount, representing a slight discount.
- 4Proceeds will be used for general corporate purposes, including capital expenditures.
- 5The offering was made under a previously effective shelf registration statement.
- 6Goldman, Sachs & Co. and Citigroup acted as joint book-runners for the offering.