Royal Caribbean Group - RCL STOCK NEWS

Royal Caribbean Cruises Ltd. (NYSE: RCL) announced the closing of a private offering of $700 million in 7.250% Senior Notes due January 15, 2030. The proceeds will be used to repay debt maturing in 2023 and/or 2024. The Notes are guaranteed on a senior unsecured basis by RCI Holdings LLC, which controls certain wholly-owned vessel-owning subsidiaries. Offered primarily to qualified institutional buyers, these Notes won't be registered under the Securities Act and hence cannot be sold in the U.S. without registration or an exemption. The release also includes forward-looking statements regarding the offering's impact and associated risks.

Royal Caribbean Cruises Ltd. (NYSE: RCL) announced a private offering of $700 million in 7.250% Senior Notes due January 15, 2030. The proceeds will be used to repay existing debt maturing in 2023 and 2024. The Notes will be guaranteed by RCI Holdings LLC, which owns equity interests in the company's vessel-owning subsidiaries. The offering is set to be completed around February 13, 2023, and is targeted at qualified institutional buyers under Rule 144A and certain non-U.S. investors under Regulation S. Forward-looking statements in the release caution about risks such as economic conditions and operational challenges impacting the cruise industry.

Royal Caribbean Group (NYSE: RCL) appointed Palle Laursen as the new executive vice president and head of marine, effective May 1, 2023. This newly created position aims to centralize the company’s marine operations across its fleet and associated brands, including TUI Cruises and Hapag-Lloyd Cruises. Laursen brings over 25 years of maritime experience, primarily from Maersk, where he led efforts towards operating a fully carbon-neutral fleet by 2040. Laursen expressed enthusiasm for contributing to Royal Caribbean’s commitment to operational excellence and environmental stewardship.

Royal Caribbean Cruises Ltd. (NYSE: RCL) announced a private offering of $700 million in senior guaranteed notes due 2030. The company plans to use the proceeds for repaying principal payments on debt maturing in 2023 and/or 2024. The notes will be guaranteed by RCI Holdings LLC, which holds interests in the company's vessel-owning subsidiaries. This offering targets qualified institutional buyers and non-U.S. investors under specific regulations, with no registration under the Securities Act. Forward-looking statements highlight risks tied to economic conditions and operational performance.

Royal Caribbean Group (NYSE: RCL) reported a fourth quarter 2022 net loss of $(500.2) million or $(1.96) per share, an improvement from $(1.4) billion or $(5.33) per share the previous year. Adjusted loss per share was $(1.12), better than expectations due to strong pricing and lower costs. The company achieved a 95% load factor, with revenues of $2.6 billion and a positive Adjusted EBITDA of $409.3 million. For 2023, RCL forecasts record-breaking demand with bookings at historical highs, projecting adjusted earnings per share between $3.00 and $3.60. The outlook reflects continued cost management and recovery from pandemic impacts.

Royal Caribbean Group (NYSE: RCL) will host a conference call at 10:00 a.m. Eastern Time on February 7, 2023, to discuss its fourth quarter and full year 2022 financial results. Investors can access the live call via the investor relations website, and a replay will be available for 30 days. Royal Caribbean Group is a leading cruise operator with a fleet of 64 ships and over 1,000 destinations worldwide, owning renowned brands such as Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.

Royal Caribbean Group (NYSE: RCL) announced an amendment and extension of its unsecured revolving credit facilities, enhancing its liquidity. The maturities for $2.3 billion of its $3.0 billion revolving capacity have been extended by one year to April 2025, while the remaining amount matures in April 2024. CFO Naftali Holtz emphasized the company's strong financial position, supported by improved booked positions and positive EBITDA cash flow generation. Additionally, $0.6 billion of debt was repaid in Q4 2022, reinforcing efforts to return to an investment-grade balance sheet.

Royal Caribbean Group (NYSE: RCL) has formed a strategic partnership with iCON Infrastructure Partners VI to develop cruise port infrastructure. This initiative, with iCON VI owning 90% and RCL 10%, aims to enhance Royal Caribbean's access to key destinations and bolster its growth strategy. Initial projects include PortMiami Terminal A and developments in Italy, Spain, and the U.S. Virgin Islands. The partnership is projected to deliver approximately $210 million in net cash proceeds at closing and is expected to enhance earnings and leverage metrics.

Roberto Martinoli, President and CEO of Silversea Cruises, will transition to a senior advisor role at Royal Caribbean Group on January 1, 2023, after elevating Silversea into the leading ultra-luxury cruise line. Barbara Muckermann, Chief Commercial Officer, will succeed him as CEO. Under Martinoli, Silversea's fleet expanded to 11 ships, including the upcoming hybrid cruise ship Silver Nova in summer 2023. Silversea now sails to over 900 destinations globally, surpassing competitors. Muckermann, with over 25 years in luxury travel, aims for growth and expansion in the Asia market.