Morgan Stanley seeks to sell portion of $3 billion loan related to Royal Caribbean Cruises
MS Morgan Stanley
$189.71 -0.69%
View chart & analysis → - 1Morgan Stanley has requested other banks to purchase a portion of the loan supporting Royal Caribbean Cruises' 50% acquisition stake in Sandals Resorts International.
- 2The 364-day maturity loan applies a spread of 1.125% over the Secured Overnight Financing Rate (SOFR).
- 3Morgan Stanley provided a 22 billion euro ($24.6 billion) bridge loan with Societe Generale this week for the acquisition of Schneider Electric SE.
So what's the key point?
Morgan Stanley is looking to transfer part of the money it lent to help with Royal Caribbean Cruises' acquisition stake to other banks. This process involves transferring a portion of a $3 billion loan to another party.
Source Bloomberg +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.