Royal Caribbean Calls LYONs for Redemption and Enters Into Stock Repurchase Agreement.
PR Newswire Europe, June, 2006
MIAMI, June 2 /PRNewswire/ --
Royal Caribbean Cruises Ltd. (NYSE: RCL; Oslo) announced today that it has called for the redemption of all of its outstanding Liquid Yield Option(TM) Notes due February 2, 2021 ("LYONs"). The redemption date is June 19, 2006. The redemption price is US$494.62 per LYON. Notices of redemption are being mailed to holders of the LYONs today in accordance with the terms of the indenture.
Additionally, today the Company entered into an agreement with Goldman Sachs & Co. to purchase approximately US$165 million of its common stock pursuant to an accelerated share repurchase program. The minimum and maximum price at which the Company will purchase the shares, the minimum and maximum number of shares to be purchased and the...
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