Royal Caribbean in Talks for More Financing to Ride Out Shutdown
- Cruise company’s plans may include up to $600 million of bonds
- Company extended its worldwide cruise suspension to June 11
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Royal Caribbean Cruises Ltd. is in talks to raise new financing to weather the shutdown of the travel industry during the pandemic, according to people with knowledge of the matter.
The cruise operator has been discussing a package that may include as much as $600 million of bonds and is working with Morgan Stanley on a possible offering, said the people, who asked not to be identified because the talks are private.