New York and Oslo-listed Royal Caribbean says it will use the fresh cash to repay debt.

According to a prospectus filed with US regulators the owner had total debt of $7.78bn at the end of the third quarter.

After costs, the cruise giant will be left with $491m from the notes sale to wire to its lenders.

Citigroup and JP Morgan are coordinating the issue, with Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley acting as joint book-runners.

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