Royal Caribbean (RCL) said Thursday it entered into exchange agreements with holders of its 6% Convertible Senior Notes due 2025.
In exchange for the notes, the company said it would provide a combination of cash and shares of its common stock.
Royal Caribbean said the exchange consideration will be based on the volume-weighted average stock price on March 13, with the cash portion covering the par value of the repurchased notes and shares issued based on the trading price.
The company plans to fund the cash portion with existing liquidity, with the remaining amount settled in stock.
The exchange will involve about $200 million of the 2025 Notes, leaving around $123 million in principal outstanding, the company said, adding the transaction is expected to close on Monday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。