correction: replaces million with billion in the headline and first paragraph
Royal Caribbean Cruises Ltd. (RCL) announced that it has arranged commitments for unsecured financing in the amount of up to US$ 1.13 billion or 80% of the contract price of Royal Caribbean International's Allure of the Seas.
The facility will be 95% guaranteed by Finnvera, the official export credit agency of Finland, and amortizes over 12 years. BNP Paribas, Citi, Nordea Bank and SEB have each committed to provide 25% of the financing and each has a seven year put option.
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