Hi Everyone,
I received this press release from Royal Caribbean and thought it
would be of interest. If you have missed any of my news' postings,
they are available on my web site.
Best regards,
Ray
LIGHTHOUSE TRAVEL
800-719-9917 or 805-566-3905
http://www.lighthousetravel.com
Royal Caribbean Announces Pricing of $300 Million Senior Notes
Offering
MIAMI, June 30
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today announced that it
has priced an offering of $300 million aggregate principal amount of
Senior Notes due 2015. The Senior Notes were priced at 97.399% of the
principal amount, will bear interest at the rate of 11.875% per annum
and will mature on July 15, 2015. The Senior Notes are expected to be
issued on July 6, 2009.
The company plans to use the proceeds from the offering for general
corporate purposes, including repayment of amounts outstanding under
its unsecured revolving credit facility.
Morgan Stanley & Co. Incorporated, Banc of America Securities LLC and
Goldman, Sachs & Co. acted as joint book-running managers and
representatives of the underwriters for the offering.
The offering was made pursuant to a shelf registration statement filed
with the Securities and Exchange Commission. A written prospectus for
the offering meeting the requirements of Section 10 of the Securities
Act of 1933 (other than a free writing prospectus as defined in
Securities Act Rule 405) may be obtained from the offices of Morgan
Stanley at 180 Varick Street, Second Floor, New York, New York 10014,
Attention: Prospectus Department or by email at
prospectus@morganstanley.com.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that
operates Royal Caribbean International, Celebrity Cruises, Pullmantur,
Azamara Cruises and CDF Croisieres de France. The company has a
combined total of 37 ships in service and six under construction. It
also offers unique land-tour vacations in Alaska, Asia, Australia,
Canada, Europe, Latin America and New Zealand.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Senior Notes, nor shall it
constitute an offer, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale is unlawful.
Certain statements in this news release are forward-looking
statements. Words such as "anticipate", "believe", "could",
"estimate", "expect", "goal", "intend", "may", "plan", "project",
"seek", "should", "will", and similar expressions are intended to help
identify these forward-looking statements. Forward-looking statements
do not guarantee future performance and may involve risks,
uncertainties and other factors, which 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. Examples of these risks, uncertainties and
other factors include, but are not limited to the following: the
adverse impact of the continuing worldwide economic downturn on the
demand for cruises, the impact of the economic downturn on the
availability of our credit facility and our ability to generate cash
flows from operations or obtain new borrowings from the credit or
capital markets in amounts sufficient to satisfy our capital
expenditures, debt payment requirements and other financing needs, the
impact of disruptions in the global financial markets on the ability
of our counterparties and others to perform their obligations to us,
the uncertainties of conducting business internationally and expanding
into new markets, the volatility in fuel prices an foreign exchange
rates, the impact of changes in operating and financing costs,
including changes in foreign currency, interest rates, fuel, food,
payroll, airfare for our shipboard personnel, insurance and security
costs, impact of problems encountered at shipyards and their
subcontractors including insolvency or financial difficulties,
vacation industry competition and changes in industry capacity and
overcapacity, the impact of tax and environmental laws and regulations
affecting our business or our principal shareholders, the impact of
changes in other laws and regulations affecting our business, the
impact of pending or threatened litigation, enforcement actions, fines
or penalties, the impact of delayed or cancelled ship orders, the
impact of emergency ship repairs, including the related lost revenue,
the impact on prices of new ships due to shortages in available
shipyard facilities, component parts and shipyard consolidations,
negative incidents involving cruise ships including those involving
the health and safety of passengers, reduced consumer demand for
cruises as a result of any number of reasons, including geo-political
and economic uncertainties and the unavailability or cost of air
service, the international political climate, fears of terrorist and
pirate attacks, armed conflict and the resulting concerns over safety
and security aspects of traveling, the impact of the spread of
contagious diseases, the impact of changes or disruptions to external
distribution channels for our guest bookings, the loss of key
personnel or our inability to retain or recruit qualified personnel,
changes in our stock price or principal shareholders, uncertainties of
a foreign legal system as we are not incorporated in the United
States, the unavailability of ports of call, weather, and other
factors described in further detail in Royal Caribbean Cruises Ltd.'s
filings with the Securities and Exchange Commission. The above
examples are not exhaustive and new risks emerge from time to time. We
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. In addition, certain financial measures in
this news release constitute non-GAAP financial measures as defined by
Regulation G. A reconciliation of these items can be found on our
investor relations website at www.rclinvestor.com. |