Royal Caribbean Group announces closing of featuring of 16,938,148 shares of typical inventory
6 min readMIAMI, March 3, 2021 /PRNewswire/ — Royal Caribbean Team (NYSE: RCL) (the “Business”) nowadays announced that it has shut its underwritten public giving of 16,938,148 shares of widespread inventory (the “Shares”). The Company expects to use the net proceeds from the providing for general corporate functions.
Morgan Stanley and BofA Securities acted as joint guide-functioning managers and underwriters for the featuring of prevalent stock.
Perella Weinberg Associates LP acted as independent monetary advisor to the Royal Caribbean Team.
A shelf registration assertion relating to the shares of typical inventory has been filed with the U.S. Securities and Trade Commission (the “SEC”) and has develop into productive. The supplying was created only by suggests of a prospectus complement and an accompanying foundation prospectus. A prospectus complement and accompanying foundation prospectus relating to the providing have been filed with the SEC and are offered on the SEC’s site at www.sec.gov. Copies of the last prospectus dietary supplement and accompanying foundation prospectus relating to the presenting may possibly be acquired from (1) Morgan Stanley & Co. LLC, 180 Varick Road, 2nd Flooring, New York, NY 10014, Consideration: Prospectus Department, and (2) BofA Securities NC1-004-03-43 200 North Higher education Street, 3rd flooring, Charlotte NC 28255-0001, Attn: Prospectus Division, Electronic mail: [email protected].
This push launch does not constitute an give to promote or a solicitation of an present to purchase shares of common stock and shall not constitute an offer, solicitation or sale in any jurisdiction in which these types of supply, solicitation or sale would be illegal.
Cautionary Assertion Concerning Ahead-Hunting Statements
Specified statements in this press launch relating to, between other things, our foreseeable future performance estimates, forecasts and projections constitute ahead-seeking statements beneath the Personal Securities Litigation Reform Act of 1995. These statements consist of, but are not restricted to: statements pertaining to revenues, prices and economic effects for 2020 and further than. Text this kind of as “foresee,” “feel,” “could,” “driving,” “estimate,” “be expecting,” “target,” “intend,” “seem into,” “could,” “plan,” “undertaking,” “look for,” “need to,” “will,” “would,” “taking into consideration”, and equivalent expressions are supposed to help recognize forward-searching statements. Forward-seeking statements replicate management’s present-day anticipations, are based on judgments, are inherently uncertain and are topic to hazards, uncertainties and other components, which could trigger our genuine effects, efficiency or achievements to differ materially from the long term effects, effectiveness or achievements expressed or implied in all those forward-searching statements. Illustrations of these pitfalls, uncertainties and other variables include, but are not restricted to the next: the affect of the international incidence and unfold of COVID-19, which has led to the temporary suspension of our operations and has had and will continue on to have a content adverse effects on our small business, liquidity and effects of operations, or other contagious illnesses on financial conditions and the travel field in standard and the economic posture and running outcomes of our Business in unique, this sort of as: the recent and prospective more governmental and self-imposed vacation restrictions, the existing and potential extension of the suspension of cruises and new more suspensions, guest cancellations our means to attain ample funding, money or revenues to fulfill liquidity desires, funds expenses, financial debt repayments and other funding requires the efficiency of the steps we have taken to improve and handle our liquidity wants the impact of the financial and geopolitical surroundings on important features of our small business, these types of as the desire for cruises, passenger spending, and working expenditures incidents or adverse publicity concerning our ships, port facilities, land locations and/or travellers or the cruise holiday vacation industry in general our capacity to correctly estimate our regular funds melt away rate all through the suspension of our functions fears above basic safety, health and safety of visitors and crew any protocols we adopt across our fleet relating to COVID-19, these as those encouraged by the Balanced Sail Panel, may possibly be high priced and significantly less productive than we count on in decreasing the hazard of an infection and unfold of COVID-19 on our cruise ships even further impairments of our goodwill, extended-lived assets, fairness investments and notes receivable an inability to source our crew or our provisions and supplies from specific sites the incurrence of COVID-19 and other contagious illnesses on our ships and an boost in problem about the hazard of disease on our ships or when traveling to or from our ships, all of which reduces demand from customers unavailability of ports of get in touch with increasing anti-tourism sentiments and environmental worries adjustments in US overseas journey plan the uncertainties of conducting enterprise internationally and expanding into new marketplaces and new ventures our potential to recruit, establish and retain large high-quality personnel changes in running and financing expenditures our indebtedness, any more indebtedness we may possibly incur and limits in the agreements governing our indebtedness that restrict our flexibility in operating our enterprise, including the significant portion of assets that are collateral beneath these agreements the impression of international currency trade costs, curiosity charge and gasoline value fluctuations the settlement of conversions of our convertible notes, if any, in shares of our popular inventory or a mixture of dollars and shares of our typical inventory, which may well end result in considerable dilution for our current shareholders our expectation that we will not declare or pay back dividends on our widespread stock for the in the vicinity of upcoming holiday vacation field level of competition and alterations in market ability and overcapacity the dangers and expenses linked with shielding our devices and maintaining integrity and stability of our business enterprise details, as nicely as particular info of our guests, staff and some others the affect of new or altering legislation and polices or governmental orders on our small business pending or threatened litigation, investigations and enforcement steps the consequences of weather conditions, natural disasters and seasonality on our small business emergency ship repairs, which include the associated lost earnings the effect of troubles at shipyards, such as ship shipping and delivery delays, ship cancellations or ship development price tag raises shipyard unavailability the unavailability or charge of air company and uncertainties of a foreign legal technique as we are not integrated in the United States.
In addition, numerous of these challenges and uncertainties are presently heightened by and will go on to be heightened by, or in the long term may well be heightened by, the COVID-19 pandemic. It is not probable to forecast or establish all this kind of risks.
Ahead-hunting statements ought to not be relied upon as a prediction of genuine success. Undue reliance must not be put on the forward-wanting statements in this press launch, which are centered on info available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, regardless of whether as a consequence of new info, long run occasions or if not.
About Royal Caribbean Group
Royal Caribbean Group is the working business enterprise title for Royal Caribbean Cruises Ltd. Royal Caribbean Team is the proprietor and operator of 4 international cruise trip brand names: Royal Caribbean Intercontinental, Celeb Cruises, Silversea Cruises and Azamara. Royal Caribbean Team is also a 50% owner of a joint undertaking that operates TUI Cruises and Hapag-Lloyd Cruises. Alongside one another, our makes work 61 ships with an additional 15 on get as of December 31, 2020.
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