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RCL oils paper press
Royal Caribbean Cruises has turned to shareholders with a $500m paper issue.
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.
Shares in the shipowner climbed 0.84% to $34.79 each in New York after the sale was announced.
The notes will mature in November 2022.
Royal Caribbean operates a fleet of 41 ships across its various brands, and has a further four newbuildings on order.
On wheeling out a third quarter profit of $367.8m, it revealed it is in talks to add a third Oasis class newbuilding. The other two ships in the series are already in operation.