By Dave Sebastian

 

Royal Caribbean Group said it has started a private offering of $650 million in senior unsecured notes due 2026.

The cruise operator Tuesday said it intends to use proceeds from the sale of the notes to fund the redemption of about $619.8 million of the 7.25% senior secured notes due 2025 issued by Silversea Cruise Finance Ltd., and the remainder to fund its operations.

The company is set to resume its first U.S. sailing later this month, ending a more-than-yearlong hiatus in the country.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

June 15, 2021 08:04 ET (12:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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