Royal Caribbean Group at present introduced that it has efficiently amended and prolonged nearly all of its two unsecured revolving credit score amenities.
In response to a press release, the modification has prolonged the maturities of $2.3 billion of the $3.0 billion combination revolving capability by one 12 months to April 2025, with the rest maturing in April 2024.
“The profitable extension of our credit score amenities is a testomony to our robust relationship with key lenders and their confidence within the Royal Caribbean Group,” mentioned Naftali Holtz, chief monetary officer. “Our liquidity place stays robust and strengthening pushed by our robust booked place, and delivering optimistic EBITDA money move technology,” added Holtz. “This extension, coupled with the reimbursement of $0.6 billion of debt within the fourth quarter of 2022, is a continuation of our proactive and methodic enchancment of the stability sheet as we search to return to an funding grade profile stability sheet.”
