Royal Caribbean puts up 28 ships as collateral for $3.2bn bond

Royal Caribbean fleet fact sheet. Royal Caribbean Cruises has launched a $3.2 billion bond offering while pledging 28 of its ships and “material intellectual property” as collateral. The move followed the world’s second-largest cruise group forecasting heavy losses for the first quarter of the year as Covid-19 brought global sailings to a standstill. The companyContinue reading “Royal Caribbean puts up 28 ships as collateral for $3.2bn bond”

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NCLH Successfully Secures More Than $2 Billion of Additional Liquidity

Norwegian Escape Norwegian Cruise Line Holdings Ltd. (NCLH) has successfully secured over $2 billion of additional liquidity so it is “well-positioned” to weather the suspension of operations during the Covid-19 pandemic. On May 5, the company announced the launch of a series of capital markets transactions, led by Goldman Sachs, to raise approximately $2 billion.Continue reading “NCLH Successfully Secures More Than $2 Billion of Additional Liquidity”

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Hurtigruten Extends Temporary Suspension of Operations

Hurtigruten will extend the temporary suspension of operations from pole to pole through May 12, according to a press release. “The situation is affecting virtually everyone in one way or another. Hurtigruten is no exception. This is a setback for us, for the local communities we work with and for our guests. But the setbackContinue reading “Hurtigruten Extends Temporary Suspension of Operations”

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