Royal Caribbean Team announces pricing of providing of 16,938,148 shares of typical inventory
6 min readMIAMI, March 1, 2021 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Corporation”) now introduced that it has priced its formerly declared underwritten general public giving of 16,938,148 shares of typical inventory (the “Shares”) of the Organization. The underwriters will give the Shares bought by the Company to the general public at $91.00 for each share.
The featuring is expected to near on March 3, 2021, matter to customary closing disorders. The Company expects to use the net proceeds from the featuring for general company applications.
Morgan Stanley and BofA Securities are performing as joint e-book-jogging administrators and underwriters for the giving of typical stock. Perella Weinberg Associates is serving as impartial fiscal advisor to the Royal Caribbean Group.
A shelf registration assertion relating to the shares of frequent inventory has been filed with the U.S. Securities and Trade Commission (the “SEC”) and has become effective. The featuring might be built only by implies of a prospectus complement and an accompanying base prospectus. A preliminary prospectus nutritional supplement and accompanying foundation prospectus relating to the giving have been filed, and a final prospectus complement will be filed, with the SEC and will be out there on the SEC’s web site at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying foundation prospectus relating to the featuring might be received from (1) Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Flooring, New York, NY 10014, Focus: Prospectus Office, and (2) BofA Securities NC1-004-03-43 200 North Higher education Road, 3rd ground, Charlotte NC 28255-0001, Attn: Prospectus Office, E mail: [email protected].
This press release shall not constitute an present, solicitation or sale in any jurisdiction in which these types of present, solicitation or sale would be illegal.
Cautionary Assertion About Ahead-Looking Statements
Sure statements in this push launch relating to, among other issues, our upcoming efficiency estimates, forecasts and projections represent ahead-on the lookout statements under the Private Securities Litigation Reform Act of 1995. These statements consist of, but are not restricted to: statements concerning revenues, prices and fiscal final results for 2020 and past. Words and phrases such as “foresee,” “think,” “could,” “driving,” “estimate,” “hope,” “objective,” “intend,” “search into,” “may perhaps,” “system,” “challenge,” “look for,” “must,” “will,” “would,” “taking into consideration”, and similar expressions are intended to aid discover ahead-on the lookout statements. Forward-on the lookout statements replicate management’s current expectations, are centered on judgments, are inherently unsure and are subject matter to threats, uncertainties and other components, which could cause our true success, functionality or achievements to differ materially from the future results, performance or achievements expressed or implied in all those ahead-searching statements. Illustrations of these threats, uncertainties and other variables include things like, but are not constrained to the pursuing: the impact of the world incidence and spread of COVID-19, which has led to the short term suspension of our operations and has experienced and will go on to have a materials adverse influence on our company, liquidity and effects of functions, or other contagious health problems on economic circumstances and the travel marketplace in basic and the fiscal posture and functioning effects of our Enterprise in certain, these as: the current and opportunity more governmental and self-imposed travel limitations, the present and possible extension of the suspension of cruises and new added suspensions, visitor cancellations our skill to get adequate funding, money or revenues to satisfy liquidity wants, funds expenses, financial debt repayments and other financing desires the usefulness of the actions we have taken to make improvements to and address our liquidity demands the effects of the economic and geopolitical ecosystem on key features of our company, these as the desire for cruises, passenger paying out, and working costs incidents or adverse publicity relating to our ships, port amenities, land destinations and/or passengers or the cruise trip field in common our ability to accurately estimate our regular monthly money burn price through the suspension of our operations issues around protection, wellbeing and security of friends and crew any protocols we adopt throughout our fleet relating to COVID-19, such as people advised by the Healthy Sail Panel, might be highly-priced and significantly less helpful than we anticipate in lessening the danger of an infection and distribute of COVID-19 on our cruise ships more impairments of our goodwill, lengthy-lived assets, fairness investments and notes receivable an inability to source our crew or our provisions and provides from sure destinations the incurrence of COVID-19 and other contagious health conditions on our ships and an boost in problem about the danger of illness on our ships or when traveling to or from our ships, all of which lessens desire unavailability of ports of call developing anti-tourism sentiments and environmental worries alterations in US overseas vacation coverage the uncertainties of conducting business enterprise internationally and expanding into new markets and new ventures our capacity to recruit, establish and retain significant high-quality staff alterations in functioning and financing prices our indebtedness, any supplemental indebtedness we may well incur and limits in the agreements governing our indebtedness that restrict our flexibility in running our enterprise, together with the substantial part of property that are collateral under these agreements the effect of international currency exchange rates, desire fee and fuel value fluctuations the settlement of conversions of our convertible notes, if any, in shares of our widespread inventory or a blend of funds and shares of our common stock, which may possibly end result in considerable dilution for our current shareholders our expectation that we will not declare or fork out dividends on our frequent inventory for the near foreseeable future holiday field levels of competition and adjustments in market capacity and overcapacity the threats and expenditures linked with shielding our methods and protecting integrity and stability of our small business facts, as effectively as private information of our visitors, personnel and other folks the effects of new or shifting legislation and laws or governmental orders on our small business pending or threatened litigation, investigations and enforcement actions the results of temperature, normal disasters and seasonality on our company unexpected emergency ship repairs, which include the associated shed income the impression of concerns at shipyards, such as ship delivery delays, ship cancellations or ship design price tag increases shipyard unavailability the unavailability or price of air service and uncertainties of a overseas lawful process as we are not integrated in the United States.
In addition, lots of of these dangers and uncertainties are at present heightened by and will go on to be heightened by, or in the future may be heightened by, the COVID-19 pandemic. It is not attainable to predict or determine all this sort of pitfalls.
Forward-wanting statements should not be relied on as a prediction of precise effects. Undue reliance need to not be positioned on the forward-searching statements in this push release, which are based on facts offered to us on the day hereof. We undertake no obligation to publicly update or revise any ahead-on the lookout statements, whether as a final result of new data, long run activities or in any other case.
About Royal Caribbean Team
Royal Caribbean Team is the functioning company name for Royal Caribbean Cruises Ltd. Royal Caribbean Group is the owner and operator of four world wide cruise trip brands: Royal Caribbean Intercontinental, Superstar Cruises, Silversea Cruises and Azamara. Royal Caribbean Group is also a 50% operator of a joint enterprise that operates TUI Cruises and Hapag-Lloyd Cruises. Collectively, our makes run 61 ships with an further 15 on order as of December 31, 2020.
Resource Royal Caribbean Group
