Star Cruises $600 million loan seen priced at 1% over Libor

Star Cruises' $600 million five-year loan facility is expected to be priced at the tight end of 1% over Libor, having been oversubscribed 50% at the underwriting stage, according to a banking source. The deal is being coordinated by Barclays Capital Asia and HSBC, and seven other banks have been appointed lead arrangers.