Royal Caribbean Prices USD 800 Mn Notes

first_imgMiami-based cruise line Royal Caribbean Cruises (RCL) has priced an offering of senior unsecured notes in an aggregate principal amount of USD 800 million, consisting of two tranches. The first tranche of USD 300 million aggregate principal amount of senior unsecured notes due 2020 will bear interest at the rate of 2.650% per annum and will mature on November 28, 2020.The second tranche of USD 500 million aggregate principal amount of senior unsecured notes due 2028 will bear interest at the rate of 3.700% per annum and will mature on March 15, 2028.The notes are expected to be issued on November 28, 2017.The company plans to use the proceeds from the offering to repay indebtedness, including but not limited to, its USD 290 million unsecured term loan due 2018 and portions of its unsecured revolving credit facility due 2020 and unsecured revolving credit facility due 2022.RCL added that any remaining proceeds would be used for general corporate purposes.last_img read more

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Nigerian president Muhammadu Buhari on official visit to USA

first_imgPresident Muhammadu BuhariNigerian President Muhamadu Buhari is in the United states for an official visit being hosted by president Barack Obama.Buhari began his four day  day visit in Washington on Sunday where he is expected to hold talks with the President Barack Obama.The two leaders will talk about the  threat posed by Islamist extremist group Boko Haram among other issues facing the new government of President Buhari.The U.S. is seeking to  assist Nigeria in dealing with the menace that is Boko Haram, the militants, who have intensified their attacks since Buhari took office in May.The two heads of state will also likely discuss proposed political and economic reforms in Nigeria aimed at ending widespread corruption.President Buhari has been accompanied by a 33-man delegation, who will hold consultations with their U.S counterparts, and other events, aimed at building strong Nigeria-U.S relations.Also up for discussion during the visit is how the United States would help Nigeria track billions of stolen assets and increase U.S military assistance.This is Buhari’s first visit to Washington since winning the presidential election in March and assuming office in a rare peaceful transfer of power in Nigeria.Both the U.S. and Nigeria appear eager to improve relations after years of strained ties under President Goodluck Jonathan.Nigerian officials turned down some of the assistance the U.S. offered to combat Boko Haram, even after the militant group sparked international outrage with the kidnapping of more than 200 schoolgirls in May 2014.last_img read more

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