GFL Environmental Inc. announced plans to participate in a US$210 million bond offering, aiming to move a portion of its debt from secured to unsecured, extending maturities, and enhancing balance sheet flexibility. The offering is part of GFL’s strategy to achieve an investment-grade capital structure.
Royal Caribbean Cruises Ltd. has announced a $1 billion bond offering to refinance existing debt and improve its financial position. The proceeds will be used to redeem outstanding bonds and finance the Silver Dawn cruise ship. The offering is part of the company’s strategy to streamline its financial commitments and enhance operational flexibility.
Latvia’s national airline, AirBaltic, has successfully issued a €340 million bond, marking the largest corporate bond offering in the country’s history. The bonds, which carry a 14.50% interest rate and mature in 5 years and 3 months, were met with strong demand from international and local investors, including the Latvian State. The orderbook reached €800 million, exceeding the supply. AirBaltic President and CEO Martin Gauss said the bond issue strengthens the airline’s position and provides liquidity for continued investments. The bonds will settle on May 14, 2024, and are expected to be listed on the Euronext Dublin stock exchange.
