Royal Caribbean Adds $2.2 Billion Credit Line Amid Shutdown
Passengers stand on board the Royal Caribbean Cruises Ltd. Navigator Of The Seas.
Photographer: Jayme Gershen/BloombergThis article is for subscribers only.
Royal Caribbean Cruises Ltd. obtained a $2.2 billion secured term credit line to bolster its finances after coronavirus shut down the U.S. cruise industry.
With the new facility, Royal Caribbean said it now has over $3.6 billion at its disposal, including cash deposits and other existing, revolving credit that hasn’t been used.