Royal Caribbean Raising $1 Billion.

Posted by

Royal Caribbean Group today announced that it has commenced an underwritten public offering of $500 million of shares of common stock of the company and intends to grant the underwriters an option to purchase up to $75 million of additional shares, according to a press release.

Royal Caribbean said it expects to use the net proceeds from the offering for general corporate purposes.

The company also announced by a separate press release that it has commenced a private offering to eligible purchasers of $500 million aggregate principal amount of senior convertible notes due 2023 (or up to $575 million aggregate principal amount if the initial purchasers exercise in full their option to purchase additional convertible notes). 

According to Cruise Industry news………. here.

RCI home pages…… here.

Rgds, Sailor

One comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s