Politics
Morgan Stanley Selling Pieces of $3 Billion Royal Caribbean Loan
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Morgan Stanley Selling Pieces of $3 Billion Royal Caribbean Loan Morgan Stanley has invited banks to buy pieces of a $3 billion loan that helps fund Royal Caribbean Cruises Ltd.’s purchase of a 50% stake in Sandals Resort International, according to people with knowledge of the matter. The $3 billion loan, with a maturity of 364 days, offers an interest rate equivalent to 1.125 percentage point more than the Secured Overnight Financing Rate, said the people, speaking anonymously as the deal...
Morgan Stanley Selling Pieces of $3 Billion Royal Caribbean Loan
Morgan Stanley has invited banks to buy pieces of a $3 billion loan that helps fund Royal Caribbean Cruises Ltd.’s purchase of a 50% stake in Sandals Resort International, according to people with knowledge of the matter.
The $3 billion loan, with a maturity of 364 days, offers an interest rate equivalent to 1.125 percentage point more than the Secured Overnight Financing Rate, said the people, speaking anonymously as the deal information is private.