RCL to raise $1 bill

2020-10-26T18:55:30+00:00 October 26th, 2020|Finance|

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.