RCG completes $1.25 billion senior unsecured notes offering
The company will use net proceeds to repay term loan facilities and other existing indebtedness as the $1.25B notes mature in 2034
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Global cruise vacation company
royalcaribbeangroup.comLast updated
In short: RCG reported record financial results, raised its annual outlook, and secured $1.25 billion in financing while expanding its ship fleet.
The company will use net proceeds to repay term loan facilities and other existing indebtedness as the $1.25B notes mature in 2034
The company intends to use net proceeds to repay outstanding borrowings under floating rate term loan facilities and other existing indebtedness.
Second-quarter earnings beat forecasts, driven by strong demand and onboard spending, prompting an increased full-year outlook.
The company raised full-year adjusted EPS guidance to $17.73-$17.87, driven by strong demand and lower costs.
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