Royal Caribbean Posts Wider than expected Losses
American cruise company Royal Caribbean reported Q2 losses of $1.35bn vs. $1.64bn during the same period last year, due to rising costs as the cruise line prepared ships to return to operation on increasing bookings that were marred by the spread of the Delta variant....
Royal Caribbean Raises $650mn in Junk Bonds
Cruise operator Royal Caribbean Group raised $650mn via 5Y bonds at a yield of 4.25%, unchanged from initial guidance. The bonds have been rated B by S&P. Proceeds of the deal will be used to fund the redemption of its ~$620mn 7.25% 2025s issued by Silversea...
