MIAMI (Bloomberg) -- Royal Caribbean Cruises Ltd., whose Song of America visits Bermuda, yesterday announced a public offering of $150 million worth of bonds.

The offering is being lead managed by Goldman, Sachs & Co. with Lazard Freres & Co, Lehman Brothers and Merrill Lynch & Co., acting as co-managers.

The securities are being offered as a part of a previously-announced $500 million shelf registration statement filed with the US Securities and Exchange Commission.

The net proceeds will be used by the company for general corporate purposes, including capital expenditures and to repay a portion of indebtedness outstanding under a $750 million revolving credit facility or to repay other indebtedness from time to time.

Royal Caribbean is one of the world's largest cruise lines and operates eight modern ships with a total capacity of 13,216 passengers.

The Song of America is scheduled to resume its once-a-week visits to Bermuda on May 2.

Local agents John S. Darrell said the ship will take part in the twin-port system, arriving on Tuesdays in St. George's, going to Hamilton on Wednesday mornings, and leaving Friday for New York.

The ship is scheduled to visit weekly until October 31.

In the next three years Royal Caribbean will introduce as many as six more ships, with a total additional capacity of 11,500 passengers.

Royal Caribbean's award-winning fleet offers more than 50 different itineraries and 140 destinations, including Bermuda, the Bahamas, Alaska, Mexico, Panama Canal, Europe, Scandinavia, Russia, Hawaii and the Far East.