Market News

Royal Caribbean (NYSE:RCL) Slides on Notes Offering

Shares of Norwegian cruise line Royal Caribbean (NYSE:RCL) are sliding in today’s trade after the company priced concurrent private offerings which include 9.25% Senior Guaranteed Notes ($1 billion) and 8.25% Senior Secured Notes ($1 billion).

The company is guaranteeing the secured notes with Celebrity Cruises Inc., Celebrity Cruises Holdings, and some of its vessel-owning subsidiaries.

In the meantime, the company has noted that current bookings are outstripping 2019 levels on the back of robust demand and expects 2023 bookings to be at historically buoyant levels.

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More