Royal Caribbean Cruises has sold $1bn in bonds, two weeks after it sold $3.32bn worth at higher interest rates as it tries to stay solvent with a fleet laid up by the Covid-19 pandemic.
The Richard Fain-led owner of 62 ships on Thursday sold the three-year bonds, which are backed by seven ships, at 9.125%, according to Bloomberg.
The New York-listed company is also selling another $1bn in convertible notes due 2023 at 5% to 5.5%
