Royal Caribbean Group announces proposed offering of senior convertible notes
MIAMI, Oct. 13, 2020 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) (the "Company") today announced that it has commenced a private offering of senior convertible notes to be issued by the Company due 2023 (the "Convertible Notes") for an aggregate principal amount of up to $500 million. In addition, the Company intends to grant the initial purchasers an option to purchase up to an additional $75 million principal amount of Convertible Notes.
The Company also announced today by a separate press release that it has commenced a registered public offering of $500 million of shares of its common stock (or $575 million of shares of its common stock if the underwriters in such offering exercise in full their option to purchase additional shares of common stock). Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the common stock. The closing of each offering is not conditioned upon the closing of the other offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy shares of common stock or Convertible Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Forward-looking statements should not be relied upon as a prediction of actual results Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.