Welcome to our dedicated page for Royal Caribbean Group news (Ticker: RCL), a resource for investors and traders seeking the latest updates and insights on Royal Caribbean Group stock.
Royal Caribbean Group (NYSE: RCL) generates a steady stream of news as a global cruise and vacation company with multiple brands, a large fleet, and an expanding portfolio of exclusive destinations. News about the Group often highlights developments across Royal Caribbean, Celebrity Cruises, and Silversea, as well as joint venture brands operated through TUI Cruises.
Investors and followers of RCL news can expect frequent updates on new vacation concepts and destination openings. Recent announcements have covered the debut of Royal Beach Club Paradise Island in The Bahamas, described as a first-of-its-kind beach club destination, and the broader Royal Beach Club collection that includes locations such as Cozumel and Santorini. The company also issues news about its Perfect Day at CocoCay destination and plans for Perfect Day Mexico, reflecting its focus on exclusive beach and island experiences.
Royal Caribbean Group news also includes information about ship deployments and itineraries. Releases have detailed seasonal lineups of Caribbean adventures, new sailings from ports in Florida, New Orleans, the Caribbean, Texas, California, and the Northeast, and the introduction of ships like Icon of the Seas, Legend of the Seas, and Celebrity Xcel on various routes. These updates describe how the Group’s brands will operate across the Caribbean, Asia, South America, and other regions in future seasons.
Another recurring theme in RCL news is the development of loyalty and guest programs. The company has announced the Points Choice program, which allows guests to earn points across Royal Caribbean, Celebrity Cruises, and Silversea and allocate them to the loyalty program they prefer. This builds on the Status Match program, which recognizes equivalent tier status across the three brands.
Corporate and financial news items for Royal Caribbean Group include dividend declarations, share repurchase authorizations, and public offerings of senior notes to finance new ships and manage existing indebtedness. The Group also reports on destination development partnerships, such as its collaboration with the Virgin Islands Port Authority and Cruise Terminals International to redevelop the Crown Bay District in St. Thomas into a tourism-focused mixed-use area.
This news page aggregates such announcements and related coverage, helping readers follow RCL’s fleet plans, destination projects, loyalty initiatives, and capital markets activity over time.
Royal Caribbean Group (NYSE: RCL) reported a third-quarter 2020 US GAAP net loss of $(1.3) billion, down from a net income of $883.2 million in the prior year, mainly due to COVID-19 impacts. The company resumed limited operations from July and plans to restart global operations in phases. Liquidity measures include a $700 million 364-day facility and $1.15 billion from bond offerings and stock sales. Cash burn averages $250-$290 million monthly during operations suspension. As of September 30, liquidity was $3.7 billion, down from $4.1 billion in June.
Royal Caribbean Group (NYSE: RCL) has announced a conference call scheduled for 10:00 a.m. ET on October 29, 2020, to discuss a business update along with the third quarter financial results. Interested participants are encouraged to register at least 15 minutes prior to the start time. The call can be accessed via the company’s investor relations website. Additionally, a replay will be available for one month following the call.
On October 16, 2020, Royal Caribbean Group (NYSE: RCL) announced the closing of its offering of $500 million in 2.875% Convertible Senior Notes due November 15, 2023. Proceeds will partially repay existing debt and support general corporate purposes. Additionally, the company completed a public offering of 8,333,333 common shares at $60.00 each. The Convertible Notes, offered to qualified institutional buyers, are not registered under the Securities Act and may not be sold in the U.S. without registration or exemption. Forward-looking statements highlight risks including COVID-19 impacts on operations and liquidity.
Royal Caribbean Group (NYSE: RCL) announced the closing of its underwritten public offering of 8,333,333 shares at $60.00 each, with net proceeds intended for general corporate purposes. Additionally, the company closed a private offering of $500 million in 2.875% senior convertible notes due 2023. Morgan Stanley and BofA Securities led the common stock offering. The company emphasized the forward-looking statements regarding future performance amid uncertainties due to the COVID-19 pandemic impacting operations.
Royal Caribbean Group (NYSE: RCL) has priced a private offering of $500 million of 2.875% Convertible Senior Notes due November 15, 2023. An additional $75 million is available through a 13-day option. Proceeds will be used to repay existing senior notes and for general corporate purposes. The initial conversion price for the notes is set at approximately $82.50 per share, representing a 37.5% premium. The company also announced an underwritten offering of 8,333,333 shares of common stock at $60.00 per share, expected to close on October 16, 2020.
Royal Caribbean Group (NYSE: RCL) announced the pricing of its public offering of 8,333,333 shares at $60.00 per share, expected to close on October 16, 2020. Additionally, the company priced a private offering of $500 million in 2.875% senior convertible notes due 2023. The net proceeds from the stock offering will be utilized for general corporate purposes. Both offerings are subject to customary closing conditions, with an option for underwriters to purchase an additional 1,250,000 shares and $75 million in convertible notes.
Royal Caribbean Group (NYSE: RCL) announced a private offering of senior convertible notes worth up to $500 million, with an option for $75 million more. The notes, convertible in specific circumstances, will be used to repay existing 2.650% Senior Notes due 2020 and for general corporate purposes. The company is also initiating a registered public offering of $500 million in common stock. Both offerings are not conditional on each other and target qualified institutional buyers.
Royal Caribbean Group (NYSE: RCL) has announced a public offering of $500 million in common stock, with an option for underwriters to purchase an additional $75 million. The proceeds will be used for general corporate purposes. Additionally, the company is offering $500 million in senior convertible notes due 2023, with potential to increase to $575 million. Morgan Stanley and BofA Securities are the lead managers for the stock offering. The offerings are independent and not contingent upon each other.
Donna Hrinak has joined Royal Caribbean Group as Senior Vice President of Corporate Affairs, effective August 24. With a strong background, including roles at Boeing and serving as a U.S. ambassador, Hrinak will enhance the company’s government relations and communications. Her expertise will aid in fostering collaboration with stakeholders, such as port authorities and environmental advocates. Richard D. Fain, CEO, emphasized her experience in navigating complex regulatory environments, which is crucial for Royal Caribbean’s global operations.
Silversea's Silver Moon has successfully completed her sea trials from August 8 to August 20, 2020, in the Adriatic Sea. The ship, which carries a reduced crew of around 320 due to health protocols, is set for delivery on October 30, 2020. The trials included stability, noise, and vibration tests, with more than 1,000 skilled professionals contributing to the ship's construction. Silver Moon is the second addition to Silversea's ultra-luxury fleet this year, following Silver Origin in June, and will feature new experiences as part of its offerings.
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