MIAMI, March 1, 2021 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Firm”) now announced that it has priced its formerly introduced underwritten public offering of 16,938,148 shares of popular stock (the “Shares”) of the Firm. The underwriters will supply the Shares marketed by the Organization to the community at $91.00 per share.
The supplying is predicted to close on March 3, 2021, matter to customary closing ailments. The Corporation expects to use the net proceeds from the offering for common corporate functions.
Morgan Stanley and BofA Securities are acting as joint ebook-operating supervisors and underwriters for the giving of typical inventory. Perella Weinberg Companions is serving as impartial economic advisor to the Royal Caribbean Team.
A shelf registration statement relating to the shares of widespread stock has been submitted with the U.S. Securities and Trade Commission (the “SEC”) and has grow to be productive. The presenting may well be produced only by means of a prospectus health supplement and an accompanying foundation prospectus. A preliminary prospectus complement and accompanying foundation prospectus relating to the presenting have been filed, and a final prospectus health supplement will be filed, with the SEC and will be readily available on the SEC’s web-site at www.sec.gov. Copies of the preliminary prospectus health supplement and accompanying base prospectus relating to the offering might be acquired from (1) Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Flooring, New York, NY 10014, Focus: Prospectus Department, and (2) BofA Securities NC1-004-03-43 200 North Faculty Avenue, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Electronic mail: [email protected]
This press release shall not constitute an supply, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be illegal.
Cautionary Assertion Relating to Forward-Hunting Statements
Specific statements in this press release relating to, among other things, our upcoming functionality estimates, forecasts and projections represent forward-on the lookout statements under the Personal Securities Litigation Reform Act of 1995. These statements consist of, but are not confined to: statements pertaining to revenues, expenses and monetary effects for 2020 and past. Text these kinds of as “anticipate,” “think,” “could,” “driving,” “estimate,” “assume,” “intention,” “intend,” “seem into,” “may,” “approach,” “venture,” “seek,” “really should,” “will,” “would,” “contemplating”, and equivalent expressions are meant to assistance detect forward-hunting statements. Forward-seeking statements replicate management’s recent anticipations, are centered on judgments, are inherently unsure and are topic to threats, uncertainties and other components, which could induce our actual outcomes, effectiveness or achievements to vary materially from the future success, overall performance or achievements expressed or implied in those ahead-seeking statements. Examples of these hazards, uncertainties and other aspects include things like, but are not constrained to the next: the affect of the world wide incidence and spread of COVID-19, which has led to the temporary suspension of our functions and has had and will proceed to have a material adverse effect on our small business, liquidity and results of operations, or other contagious ailments on economic ailments and the travel business in typical and the money situation and operating results of our Company in particular, this sort of as: the current and opportunity more governmental and self-imposed vacation constraints, the current and opportunity extension of the suspension of cruises and new more suspensions, guest cancellations our capacity to acquire ample funding, cash or revenues to fulfill liquidity demands, capital expenditures, credit card debt repayments and other financing desires the performance of the actions we have taken to boost and handle our liquidity desires the affect of the economic and geopolitical ecosystem on vital facets of our company, such as the demand from customers for cruises, passenger paying out, and operating expenses incidents or adverse publicity concerning our ships, port amenities, land locations and/or travellers or the cruise holiday vacation market in standard our ability to correctly estimate our regular funds burn up amount throughout the suspension of our functions concerns over safety, wellbeing and protection of friends and crew any protocols we adopt throughout our fleet relating to COVID-19, these types of as these encouraged by the Healthy Sail Panel, may perhaps be pricey and a lot less helpful than we count on in lowering the risk of an infection and spread of COVID-19 on our cruise ships further more impairments of our goodwill, extensive-lived assets, equity investments and notes receivable an incapability to source our crew or our provisions and supplies from certain locations the incurrence of COVID-19 and other contagious conditions on our ships and an raise in problem about the chance of health issues on our ships or when traveling to or from our ships, all of which decreases need unavailability of ports of phone expanding anti-tourism sentiments and environmental worries adjustments in US international journey plan the uncertainties of conducting small business internationally and increasing into new markets and new ventures our means to recruit, acquire and keep higher top quality staff variations in running and funding charges our indebtedness, any further indebtedness we may perhaps incur and limits in the agreements governing our indebtedness that restrict our flexibility in running our business, including the considerable part of belongings that are collateral under these agreements the effect of international currency trade costs, fascination fee and gasoline rate fluctuations the settlement of conversions of our convertible notes, if any, in shares of our common stock or a blend of hard cash and shares of our popular inventory, which may well result in considerable dilution for our existing shareholders our expectation that we will not declare or shell out dividends on our widespread inventory for the around long run getaway field level of competition and improvements in marketplace ability and overcapacity the pitfalls and prices related with safeguarding our programs and protecting integrity and safety of our organization info, as very well as own data of our guests, employees and some others the effect of new or transforming legislation and regulations or governmental orders on our company pending or threatened litigation, investigations and enforcement actions the results of temperature, normal disasters and seasonality on our business crisis ship repairs, including the related misplaced revenue the effects of difficulties at shipyards, which includes ship delivery delays, ship cancellations or ship construction value raises shipyard unavailability the unavailability or expense of air service and uncertainties of a foreign authorized procedure as we are not integrated in the United States.
In addition, numerous of these risks and uncertainties are now heightened by and will keep on to be heightened by, or in the upcoming may be heightened by, the COVID-19 pandemic. It is not doable to predict or determine all these types of risks.
Ahead-hunting statements ought to not be relied on as a prediction of real final results. Undue reliance must not be put on the ahead-looking statements in this push release, which are primarily based on facts out there to us on the date hereof. We undertake no obligation to publicly update or revise any forward-hunting statements, irrespective of whether as a end result of new information, long run occasions or usually.
About Royal Caribbean Team
Royal Caribbean Group is the operating enterprise title for Royal Caribbean Cruises Ltd. Royal Caribbean Team is the proprietor and operator of 4 world cruise holiday models: Royal Caribbean International, Celeb Cruises, Silversea Cruises and Azamara. Royal Caribbean Team is also a 50% proprietor of a joint enterprise that operates TUI Cruises and Hapag-Lloyd Cruises. Jointly, our makes work 61 ships with an extra 15 on order as of December 31, 2020.
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Source Royal Caribbean Group