Royal Caribbean Group immediately introduced that it has efficiently amended and prolonged nearly all of its two unsecured revolving credit score amenities.
According to an announcement, the modification has prolonged the maturities of $2.3 billion of the $3.0 billion mixture revolving capability by one yr to April 2025, with the rest 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,” mentioned Naftali Holtz, chief monetary 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.”