royal caribbean cruises ltd (RCL) Key Developments
Royal Caribbean Cruises Ltd. Enters into an Agreement to Amend and Restate Current $1.1 Billion Unsecured Revolving Credit Facility
Jun 19 15
On June 15, 2015, Royal Caribbean Cruises Ltd. entered into an agreement to amend and restate current $1.1 billion unsecured revolving credit facility. The amendment extends the termination date until June 2020. Under the amended facility, advances currently bear interest at LIBOR plus a margin of 1.5%. In addition, the company is subject to a facility fee currently equal to 0.25% per annum of the total commitments. Under the amended facility, the company has the ability to increase the capacity of the facility by an additional $300 million from time to time subject to the receipt of additional or increased lender commitments.
Royal Caribbean Cruises Ltd. Approves Appointment of Donald Thompson as Director
May 29 15
Royal Caribbean Cruises Ltd. at its Annual Meeting of shareholders held on May 28, 2015, approved appointment of Donald Thompson as director of the company.
Royal Caribbean Cruises Ltd. Provides Capital Expenditures Guidance for the Full Year of 2015, 2016, 2017, 2018 and 2019
May 8 15
Royal Caribbean Cruises Ltd. provided capital expenditures guidance for the full year of 2015, 2016, 2017, 2018 and 2019. The company projected capital expenditures for full year of 2015 are $1.6 billion.
The company projected capital expenditures for full year of 2016 are $2.3 billion.
The company projected capital expenditures for full year of 2017 are $0.4 billion.
The company projected capital expenditures for full year of 2018 are 2.4 billion.
The company projected capital expenditures for full year of 2019 are $1.3 billion.
Royal Caribbean Cruises Ltd. Declares Quarterly Dividend, Payable on June 2, 2015
May 6 15
The Board of Directors of Royal Caribbean Cruises Ltd. declared a quarterly dividend of $0.30 per common share payable on June 2, 2015, to shareholders of record at the close of business on May 19, 2015.
Royal Caribbean Cruises Ltd. Appoints Paul T. Parker as Senior Vice President and Chief Human Resources Officer
Apr 27 15
Royal Caribbean Cruises Ltd. announced that Paul T. Parker has been named senior vice president and chief human resources officer. Parker joins Royal Caribbean with more than 20 years of experience implementing human resources strategies for leading brands including Sabra Dipping Company, Deloitte & Touche, Colgate Palmolive, Campbell Soup and Nabisco Food Company. Parker will report directly to Adam Goldstein, president and COO of Royal Caribbean Cruises Ltd. Parker most recently served as vice president and chief human resources officer for Sabra Dipping Company, where he established a market-based compensation system, revised the selection and onboarding process and reduced turnover by 50% while increasing employee engagement scores by 25%. Prior to that, Parker was the senior client partner for BSG Partners. Throughout his career, he has held a variety of management positions, including chief people officer for Deloitte and vice president of human resources for Colgate Palmolive.