Royal Caribbean Upsizes Fundraising, $1.25 Billion at 11.625 Percent

Posted on 16 August, 2022 by Spacejunkie2

Independence of the Seas in Southampton View Independence photos click here, photo credit Spacejunkie2 Flickr

Royal Caribbean Group today announced that it has priced its private offering of $1,250,000,000 aggregate principal amount (up from the previously announced $1 billion) of 11.625% senior unsecured notes due 2027 (the “Notes”).

The Notes will mature on August 15, 2027. The Notes are expected to be issued on or around August 18, 2022, subject to customary closing conditions.

According to a press release, the Company intends to use the proceeds from the sale of the Notes to repay principal payments on debt maturing in 2022 and/or 2023 (including to pay fees and expenses in connection with such repayments). Pending such uses, the Company may temporarily apply the proceeds to repay borrowings under its revolving credit facilities or other borrowings.

Royal Caribbean Lifts all Vaccination Requirments for European Sailings.

Posted on 11 August, 2022 by Spacejunkie2

Independence of the Seas in Southampton, photo credit Spacejunkie2 (Flickr)

Royal Caribbean International will not require guests to be fully vaccinated against Covid-19 on certain sailings from next month.

From 5 September, passengers sailing on all European cruises and select US ports – Los Angeles, Galveston, New Orleans – will only be asked to disclose their vaccination status during check-in. Still, it will not be mandatory in order to board.

The line’s pre-cruise testing protocols will remain the same.

Royal said it recommends all eligible guests are fully vaccinated and advised passengers to bring proof of vaccination with them should local authorities or businesses in specific destinations ask to see it.

In some destinations, guests will be required to prove their vaccination status in order to go ashore. In contrast, unvaccinated passengers and those not up to date with their vaccinations may need to undergo additional testing at their own expense to go ashore and disembark at the end of their cruise.

Royal Caribbean Now Offering Crew Shore Leave in Caribbean Ports

Posted on 7 April, 2022 by Spacejunkie2

Royal Caribbean International is now offering shore leave in select Caribbean ports to the crew, according to a letter sent to crew onboard ships selected to trial the program.

According to the letter, the program will run from April 8 through April 22 on six ships, believed to be the Odyssey, Freedom, Harmony, Navigator, Liberty and Grandeur of the Seas.

The company will allow 150 crew to disembark in the ports, which for the crew aboard the Odyssey, for example, include Curacao, Aruba, Costa Maya and Cozumel.

Advanced sign up is required through a crew member’s manager.

Crew members must be up to date with vaccinations and a booster (if eligible), the company said. Masks are required while indoors or inside transportation and masks and crew members are recommended to follow social distancing guidelines.

The company said it will continue its bubble tours for the crew, which it is said to be offering globally.

A review of the crew shore leave trial program will be conducted later this month to “confirm continuity of the program in Caribbean Ports of Call.”