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Royal Caribbean raises $1bn in 'at-the-market' stock offering

CRUISE Royal Caribbean Group logo.jpg
As of Dec. 31, Royal Caribbean Group sold more than 13m shares of common stock under its at-the-market equity offering program announced Dec. 3.

The company received $1bn in aggregate gross proceeds from the sale of 13,045,927 shares, exhausting the program in full.

The net proceeds will be used for general corporate purposes.