Royal Caribbean Group (RCL) has commenced an underwritten public offering of $500 mill of shares of common stock of the company.
RCL intends to grant the underwriters an option to purchase up to $75 mill of additional shares.
The net proceeds from the offering are expected to be used for general corporate purposes.
RCL also announced that it had instigated a private offering to eligible purchasers of $500 mill aggregate principal amount of senior convertible notes due 2023 – or up to $575 mill aggregate principal amount if the initial purchasers exercise in full their option to purchase additional convertible notes.
