Royal Caribbean Group - RCL STOCK NEWS

Royal Caribbean Group (RCL) announced the closure of a private offering of $1.5 billion in 5.50% senior unsecured notes due April 1, 2028. The proceeds will be primarily used for debt repayment scheduled for 2021 and 2022, with the remaining allocated for general corporate purposes. The notes will not be registered under the Securities Act and are offered only to qualified institutional buyers and certain non-U.S. investors. Forward-looking statements highlight risks ahead, particularly related to the ongoing impacts of COVID-19 on operations and liquidity.

Royal Caribbean Group (NYSE: RCL) has announced the pricing of its private offering of $1.5 billion in 5.50% senior unsecured notes due in 2028, increasing from a previous amount of $1.25 billion due to strong investor demand. The notes are expected to be issued by March 29, 2021, and proceeds will be used primarily for debt repayment and general corporate purposes. The company highlights potential risks related to COVID-19 that could impact its financial performance.

Royal Caribbean Group (RCL) has initiated a private offering of $1.25 billion in senior unsecured notes due 2028. The funds will be utilized to repay debts maturing in 2021 and 2022, in addition to covering general corporate expenses. The offering is available only to qualified institutional buyers and certain non-U.S. investors. The notes will not be registered under the Securities Act and may not be sold in the U.S. without registration. The press release includes cautionary statements regarding forward-looking information about potential economic risks due to COVID-19.

Royal Caribbean International announced new 7-night cruises from Bermuda starting June 26, 2021, aboard the Vision of the Seas. The itineraries offer an overnight stay in Bermuda and a visit to Perfect Day at CocoCay. Bookings will open on March 29, 2021, with health measures in place for vaccinated adult guests and minors with negative tests. The cruises are part of the company's strategy for a safe return to sailing amidst COVID-19. Royal Caribbean appreciates Bermuda's cooperation and aims to stimulate tourism while adhering to health guidelines.

Royal Caribbean International has announced its summer cruise schedule starting June 12, 2021, from Nassau, The Bahamas, aboard the Adventure of the Seas. The 7-night itineraries include two consecutive days at the private island Perfect Day at CocoCay, as well as stops at Grand Bahama Island and Cozumel, Mexico. Cruises will operate with vaccinated crew and adult guests, while those under 18 must provide negative test results. The company emphasizes safety protocols to ensure a healthy return to cruising.

Royal Caribbean Group (NYSE: RCL) has successfully completed the sale of its Azamara brand to Sycamore Partners for $201 million. This all-cash transaction includes Azamara's three-ship fleet and related intellectual property, allowing Royal Caribbean to concentrate on its core brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. Richard D. Fain, Chairman and CEO, expressed confidence in Azamara's continued growth under Sycamore’s management, which is expected to leverage the brand's strengths in the upmarket cruise segment.

On March 8, 2021, Celebrity Cruises commemorated the first all-female bridge and onboard leadership team that set sail a year prior. This historic event, which was overshadowed by the pandemic, marked a significant milestone in the maritime industry. The team reunited virtually to reflect on their experiences and challenges during the past year. Celebrity Cruises aims to enhance diversity in maritime roles, increasing female representation from 3% to 28% on bridge teams. The cruise line is preparing to resume operations safely with a focus on health protocols.

Royal Caribbean Group (NYSE: RCL) announced the completion of its public offering of 16,938,148 shares of common stock. The net proceeds will be utilized for general corporate purposes. Leading the offering were Morgan Stanley and BofA Securities, with Perella Weinberg Partners serving as an independent financial advisor. A shelf registration statement for the common stock has been filed with the SEC, ensuring compliance. The offering was not a solicitation for shares in jurisdictions where such offers would be illegal.

The new Odyssey of the Seas has successfully completed its conveyance at Meyer Werft shipyard, marking a significant milestone in its construction. This 169,000-gross-ton ship, measuring 1,138 feet long, features innovative amenities like SeaPlex, a diverse dining experience including Giovanni's Italian Kitchen, and cutting-edge entertainment. The ship will debut in Haifa, Israel this May before starting its inaugural North American season in November, offering itineraries to the Greek Isles and Caribbean destinations.