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Royal Caribbean closes underwritten offering of $1.5bn shares

Royal Caribbean Group closed its underwritten public offering of $16.9m shares of common stock at $91 per share.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

March 3, 2021

1 Min Read
Credit: Seatrade Cruise News

The company expects to use the net proceeds for general corporate purposes.

Morgan Stanley and BofA Securities acted as joint book-running managers and underwriters.

William Blair's read

According to William Blair, following this equity raise, the company has enough liquidity to weather up to 12 more months in an essentially zero-revenue scenario.

RCL closed at $94.48, up 86 cents, on Wednesday.

Perella Weinberg Partners acted as independent financial advisor to the Royal Caribbean Group.

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Royal Caribbean Group

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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