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Royal Caribbean prices shares at $91 in $1.5bn underwritten stock offering

CRUISE Royal Caribbean Group logo.jpg
Royal Caribbean Group priced shares at $91 in its underwritten public offering of 16,938,148 shares of common stock.

The net proceeds will be used for general corporate purposes.

Morgan Stanley and BofA Securities are acting as joint book-running managers and underwriter.

The offering is expected to close March 3. 

RCL opened at $92.78 on Monday and fell 1% in morning trading.

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

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