Cruise NewsRoyal CaribbeanRoyal Caribbean Receives $2.2 Billion Loan to Enhance Liquidity

Royal Caribbean Receives $2.2 Billion Loan to Enhance Liquidity

Royal Caribbean Cruises Ltd. has announced that they have received a $2.2 billion secured loan facility to enhance the company’s liquidity position.

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The facility can be extended at the company’s option for an additional 364 days. The company has borrowed the full amount available under the term loan to further bolster its liquidity.

Including this new financing, the company has over $3.6 billion of liquidity comprised of cash deposits and its existing undrawn revolving credit facilities (net of outstanding commercial paper). In addition, the company has committed financing for all of its new cruise ships on order.

“This is a period of unprecedented disruption for the cruise industry,” said Jason T. Liberty, executive vice president and CFO. “We continue to take decisive actions to protect the company’s financial and liquidity positions as they enable us to keep focused on our guests, our crew and our long-term plans.”

Royal Caribbean Cruises Ltd. is a global cruise vacation company that controls and operates four global cruise lines: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises.

They are also a 50% joint venture owner of the German brand TUI Cruises and a 49% shareholder in the Spanish brand Pullmantur Cruceros. Together these cruise lines operate a combined total of 61 ships with an additional 17 on order as of December 31, 2019.

They operate diverse itineraries around the world that call on all seven continents.

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Ben Souza
Ben Souza
Ben is a world traveler who has visited 40+ countries, taken over 70 cruises. He is one of USA TODAY's experts for their 10Best Readers' Choice Awards. His writings have appeared and been cited in various media outlets such as Yahoo News, MSN, NPR, CNN, Fox, and ABC News. Ben currently resides in Cincinnati, Ohio. Follow Ben on Instagram. Visit Ben Souza on Linkedin. You may email Ben at [email protected].
Cruise NewsRoyal CaribbeanRoyal Caribbean Receives $2.2 Billion Loan to Enhance Liquidity
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