Royal Caribbean Team announces closing of providing of 16,938,148 shares of frequent stock
5 min readMIAMI, March 3, 2021 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Firm”) currently announced that it has closed its underwritten public presenting of 16,938,148 shares of frequent stock (the “Shares”). The Company expects to use the net proceeds from the featuring for general company purposes.
Morgan Stanley and BofA Securities acted as joint e-book-managing supervisors and underwriters for the presenting of prevalent stock.
Perella Weinberg Partners LP acted as independent monetary advisor to the Royal Caribbean Group.
A shelf registration assertion relating to the shares of prevalent stock has been filed with the U.S. Securities and Trade Commission (the “SEC”) and has develop into efficient. The providing was created only by suggests of a prospectus dietary supplement and an accompanying base prospectus. A prospectus nutritional supplement and accompanying foundation prospectus relating to the providing have been submitted with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the ultimate prospectus complement and accompanying base prospectus relating to the presenting may well be acquired from (1) Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Ground, New York, NY 10014, Attention: Prospectus Division, and (2) BofA Securities NC1-004-03-43 200 North College or university Road, 3rd flooring, Charlotte NC 28255-0001, Attn: Prospectus Division, E-mail: [email protected].
This press launch does not constitute an supply to promote or a solicitation of an provide to invest in shares of common inventory and shall not constitute an provide, solicitation or sale in any jurisdiction in which these kinds of give, solicitation or sale would be illegal.
Cautionary Statement Regarding Forward-On the lookout Statements
Sure statements in this press launch relating to, amid other items, our potential general performance estimates, forecasts and projections constitute forward-on the lookout statements below the Personal Securities Litigation Reform Act of 1995. These statements include, but are not minimal to: statements concerning revenues, expenditures and fiscal final results for 2020 and beyond. Terms such as “anticipate,” “believe,” “could,” “driving,” “estimate,” “expect,” “aim,” “intend,” “seem into,” “may possibly,” “plan,” “undertaking,” “look for,” “should,” “will,” “would,” “considering”, and very similar expressions are meant to aid establish forward-on the lookout statements. Forward-looking statements reflect management’s existing expectations, are based mostly on judgments, are inherently unsure and are topic to pitfalls, uncertainties and other aspects, which could lead to our precise benefits, performance or achievements to vary materially from the foreseeable future success, effectiveness or achievements expressed or implied in those ahead-looking statements. Illustrations of these threats, uncertainties and other variables incorporate, but are not limited to the subsequent: the effects of the international incidence and distribute of COVID-19, which has led to the non permanent suspension of our operations and has had and will proceed to have a materials adverse effects on our business enterprise, liquidity and outcomes of functions, or other contagious illnesses on financial conditions and the vacation marketplace in common and the financial posture and operating success of our Company in distinct, such as: the current and opportunity further governmental and self-imposed journey restrictions, the present and likely extension of the suspension of cruises and new further suspensions, visitor cancellations our capability to get ample funding, cash or revenues to satisfy liquidity wants, money expenditures, credit card debt repayments and other funding requirements the usefulness of the steps we have taken to make improvements to and address our liquidity requirements the influence of the financial and geopolitical ecosystem on key factors of our company, such as the desire for cruises, passenger investing, and working prices incidents or adverse publicity about our ships, port services, land locations and/or travellers or the cruise family vacation industry in common our skill to correctly estimate our month to month money burn up rate throughout the suspension of our functions issues around protection, wellbeing and protection of visitors and crew any protocols we adopt across our fleet relating to COVID-19, such as those suggested by the Healthy Sail Panel, may possibly be costly and fewer successful than we count on in minimizing the chance of an infection and distribute of COVID-19 on our cruise ships even further impairments of our goodwill, very long-lived assets, equity investments and notes receivable an incapacity to resource our crew or our provisions and supplies from selected places the incurrence of COVID-19 and other contagious ailments on our ships and an maximize in problem about the chance of illness on our ships or when traveling to or from our ships, all of which cuts down demand unavailability of ports of phone expanding anti-tourism sentiments and environmental concerns improvements in US overseas vacation coverage the uncertainties of conducting enterprise internationally and increasing into new marketplaces and new ventures our skill to recruit, build and retain superior high-quality personnel changes in functioning and funding prices our indebtedness, any more indebtedness we may possibly incur and limitations in the agreements governing our indebtedness that limit our versatility in operating our organization, together with the sizeable portion of property that are collateral beneath these agreements the influence of international forex trade costs, curiosity level and gasoline price fluctuations the settlement of conversions of our convertible notes, if any, in shares of our widespread inventory or a mixture of funds and shares of our frequent stock, which might final result in substantial dilution for our existing shareholders our expectation that we will not declare or spend dividends on our frequent inventory for the close to foreseeable future getaway marketplace competitiveness and adjustments in business ability and overcapacity the risks and costs affiliated with guarding our techniques and preserving integrity and security of our enterprise facts, as nicely as private knowledge of our attendees, workers and many others the effect of new or modifying legislation and rules or governmental orders on our business pending or threatened litigation, investigations and enforcement steps the effects of climate, purely natural disasters and seasonality on our small business unexpected emergency ship repairs, together with the associated misplaced revenue the effect of problems at shipyards, such as ship shipping and delivery delays, ship cancellations or ship building expense raises shipyard unavailability the unavailability or charge of air assistance and uncertainties of a foreign authorized system as we are not integrated in the United States.
In addition, quite a few of these pitfalls and uncertainties are at the moment heightened by and will continue on to be heightened by, or in the foreseeable future could be heightened by, the COVID-19 pandemic. It is not feasible to forecast or identify all such hazards.
Forward-on the lookout statements need to not be relied upon as a prediction of precise effects. Undue reliance should not be positioned on the forward-searching statements in this press release, which are centered on info offered to us on the day hereof. We undertake no obligation to publicly update or revise any forward-seeking statements, whether or not as a consequence of new information, long term functions or usually.
About Royal Caribbean Group
Royal Caribbean Team is the operating enterprise identify for Royal Caribbean Cruises Ltd. Royal Caribbean Group is the proprietor and operator of 4 global cruise family vacation models: Royal Caribbean Global, Celeb Cruises, Silversea Cruises and Azamara. Royal Caribbean Group is also a 50% proprietor of a joint enterprise that operates TUI Cruises and Hapag-Lloyd Cruises. Collectively, our brand names run 61 ships with an additional 15 on order as of December 31, 2020.
Resource Royal Caribbean Group
