MIAMI, Jan. 12,
2023 /PRNewswire/ -- Royal Caribbean Group (NYSE:
RCL) (the "Company") today announced that it has successfully
amended and extended the majority of its two unsecured revolving
credit facilities. The amendment has extended the maturities
of $2.3 billion of the $3.0 billion aggregate revolving capacity by one
year to April 2025, with the
remainder maturing in April 2024.
"The successful extension of our credit facilities is a
testament to our strong relationship with key lenders and their
confidence in the Royal Caribbean Group," said Naftali Holtz, chief financial officer. "Our
liquidity position remains strong and strengthening driven by our
strong booked position, and delivering positive EBITDA cash flow
generation," added Holtz. "This extension, coupled with the
repayment of $0.6 billion of debt in
the fourth quarter of 2022, is a continuation of our proactive and
methodic improvement of the balance sheet as we seek to return to
an investment grade profile balance sheet."
About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise
companies in the world with a global fleet of 64 ships traveling to
approximately 1,000 destinations around the world. Royal Caribbean
Group is the owner and operator of three award winning cruise
brands: Royal Caribbean International, Celebrity Cruises, and
Silversea Cruises and it is also a 50% owner of a joint venture
that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the
brands have an additional 10 ships on order as of December 31, 2022.
Forward-Looking Statements
Certain statements in this press release constitute
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. These statements relate to, among other things,
the company's expectations of the effectiveness of the actions
being taken to improve and address the company's liquidity needs.
Forward-looking statements reflect management's current
expectations and are subject to risks, uncertainties and other
factors that could cause our actual results, performance or
achievements to differ materially from the future results,
performance or achievements expressed or implied in those
forward-looking statements. Factors that could affect our results
include, among others, those discussed under the caption "Risk
Factors" in our most recent quarterly report on Form 10-Q, as well
as our other filings with the SEC, copies of which may be obtained
by visiting our Investor Relations website at www.rclinvestor.com
or the SEC's website at www.sec.gov. Undue reliance should not be
placed on the forward-looking statements in this release, which are
based on information available to us on the date hereof. We
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Royal Caribbean Group