Royal Caribbean Cruises Ltd has secured financing for the two Edge-class ships that are on order at STX France.

The US-listed cruise giant said it entered into an agreement with French export credit agency Compagnie Française D’Assurance pour le Commerce Extérieur (Coface) for a term loan equal to 80% of the vessel purchase price.

The loan, which carry a fixed 3.225% interest rate, will amortise semi-annually and will mature in 12 years from the date of delivery of the ships, which are scheduled for delivery in the fall of 2018 and the first half of 2020.

Royal