Miami-based cruise line Royal Caribbean Cruises Ltd. (RCL) has entered into a USD 700 million loan agreement to finance a part of the Silversea Cruises acquisition deal. The company informed that the proceeds from the 364-day unsecured term loan agreement, which was signed on June 29, would also be used to pay fees and expenses related to the acquisition. In mid-June RCL said it would purchase a 66.7% equity stake in Silversea Cruises based on an enterprise value of approximately USD 2 billion.