Royal Caribbean Cruises Ltd. is selling bonds as Fitch Ratings upgraded the cruise operator’s credit rating citing strength in the industry, kicking off a busy week with another seven borrowers looking to tap the investment-grade market Monday.
Royal Caribbean’s bondBloomberg Terminal, maturing in 10 years, carries initial price talk of Treasury plus 160 basis points, according to a person with knowledge of the matter. Proceeds will finance the upcoming delivery of Celebrity Xcel ship, redeem or refinance a portion of the company’s 2026 senior notes, and fund general corporate purposes, said the person, who asked not to be identified as the details are private.
Royal Caribbean Selling Bonds as Fitch Upgrades Cruise Operator
