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Royal Caribbean Group Enters Definitive Agreement To Sell Its Azamara Brand To Sycamore Partners
Royal Caribbean Group Enters Definitive Agreement To Sell its Azamara Brand To Sycamore Partners
Royal Caribbean Gets Aggregate Gross Proceeds Of $1 Billion From ATM Offering
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands). Together, its Global Brands and its Partner Brands operate a combined total of 50 ships in the cruise vacation industry with an aggregate capacity of approximately 123,270 berths as of December 31, 2016. As of July 31, 2018, the Company's ships offer a selection of itineraries that call on approximately 540 destinations in 105 countries, covering all seven continents. Royal Caribbean International offers a range of itineraries to the destinations, including Alaska, Asia, Australia, Canada, the Caribbean, the Panama Canal and New Zealand with cruise lengths that range from 2 to 24 nights.
1050 Caribbean Way
Richard D. Fain
Chairman of the Board, Chief Executive Officer
Jason T. Liberty
Chief Financial Officer, Executive Vice President
Michael W. Bayley
President and Chief Executive Officer of Royal Caribbean International
President and Chief Executive Officer of Celebrity Cruises
President and Chief Executive Officer - Azamara Club Cruises
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Royal Caribbean Group said it would sell its Azamara line to private equity firm Sycamore Partners for $201 million in cash, to focus more on its bigger brands as the cruise operator deals with the impact of the COVID-19 pandemic.
Cruise operator Royal Caribbean Group said on Monday it would stop all its cruises, excluding sailings from Singapore, through the end of the year, extending previous suspensions as coronavirus infections continue to increase globally.
Royal Caribbean Group reported a net loss for the third straight quarter on Thursday, as the cruise operator suffered from a COVID-19-driven halt to voyages.
Royal Caribbean Cruises Ltd has extended suspension of sailings until Nov. 30, excluding those originating from Hong Kong, the U.S. cruise operator said on Tuesday, as the COVID-19 crisis hurts demand for voyages.
A panel set up by Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd said on Monday it had submitted a report to the U.S. Centers for Disease Control and Prevention (CDC) detailing health and safety protocols, hoping to set sail again after a long halt due to the...
Royal Caribbean Group said on Monday testing passengers for COVID-19 was "very likely" going to be part of a new set of safety measures planned to get its ships to resume sailing after months of being docked.
Royal Caribbean Group reported a quarterly net loss on Monday, as the cruise operator suffered from a coronavirus-driven halt to sailings that is now on course to last deep into the second half of 2020.
Cruise industry rivals are teaming up in an effort to sail again.
Royal Caribbean Cruises Ltd forecast a loss in the second quarter on Wednesday as the cruise operator struggles with mounting debt amid trip cancellations due to travel curbs imposed to check the spread of the coronavirus.
Royal Caribbean Cruises Ltd on Wednesday said it expects to post interest expenses between $590 million and $610 million for the rest of the year and sees a second-quarter loss as ships remain anchored because of the COVID-19 pandemic.
Royal Caribbean Cruises on Wednesday launched a $3.3 billion bond offering, pledging 28 of its ships as collateral and forecast heavy losses for the first quarter as the COVID-19 pandemic brings the sector to a virtual standstill.
Royal Caribbean Cruises launched a new $3.3 billion bond offering on Wednesday and said it would use 28 of its ships as collateral, as it looks to stay afloat after the COVID-19 pandemic upended the industry.
Royal Caribbean Cruises Ltd said on Wednesday it would lay off or furlough about 26% of its workforce in the United States, affecting nearly 1,300 of its more than 5,000 employees in the country, as the coronavirus chokes international travel.
Royal Caribbean Cruises Ltd said on Monday two of its board members had each bought $100 million of a new $2.2 billion loan to the cruise operator, helping to backstop funding as it grapples with a suspension of voyages.
Royal Caribbean Cruises Ltd said on Monday it had borrowed the entire $2.2 billion available under a new financing facility, boosting its liquidity amid the coronavirus outbreak that has resulted in halted sailings for the cruise operator.
Royal Caribbean Cruises Ltd said on Saturday it has suspended the voyages of its fleet globally from midnight tonight following the coronavirus outbreak.
Corporate America is gearing up for leaner times.
Royal Caribbean Cruises Ltd on Tuesday withdrew its first-quarter and full-year forecast, and increased its credit capacity by $550 million to boost liquidity amid concerns around the rapid spreading of coronavirus.
Royal Caribbean Cruises Ltd said on Tuesday it had increased its revolving credit capacity by $550 million and withdrew its full-year forecast, citing the coronavirus outbreak.
Royal Caribbean Cruises Ltd said on Tuesday it has canceled 30 cruises in southeast Asia following the coronavirus outbreak and expects a 90 cents per share hit to its annual profit.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.