The loan covers terminal construction for Royal Caribbean Cruises under a lease with port owner Miami-Dade County.
September 13, 2016 at 11:00 PM
1 minute read
If you think the cruise ships entering PortMiami are large these days, wait until Royal Caribbean Cruises Ltd. and Miami-Dade County open Terminal A.
On July 18, Royal Caribbean closed a deal to borrow $247 million through SMBC Lease and Finance Inc., a subsidiary of Sumitomo Mitsui Banking Corp., for the construction of the new facility. The land was leased from the county as part of a public-private partnership. The terminal is expected to open no later than December 2018.
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