Printer Friendly

ROYAL CARIBBEAN COMMENCES INITIAL PUBLIC OFFERING OF 10 MILLION SHARES OF COMMON STOCK

 MIAMI, April 28 /PRNewswire/ -- Royal Caribbean Cruises Ltd. announced today that its initial public offering of 10 million shares of common stock was priced at $18 per share. The stock has been cleared for listing on the New York Stock Exchange under the symbol "RCL".
 The shares are being offered both in the United States and internationally by a group of underwriters led by Lehman Brothers, Lazard Freres & Co. and Merrill Lynch & Co. and their international affiliates.
 The net proceeds from the offering will be used to repay debt and for general corporate purposes.
 "We're pleased at the market's very strong reception to this offering and excited about becoming a public company," said Richard D. Fain, Royal Caribbean's chairman and CEO. "This public offering enhances our access to capital markets and further strengthens Royal Caribbean's financial position. This is truly a milestone in our history."
 Royal Caribbean is the world's largest cruise brand and operates nine modern ships with a total double occupancy capacity of 14,228. The Royal Caribbean fleet offers more than 50 different itineraries and calls at nearly 130 destinations in the Mediterranean, Bermuda, Scandinavia, Alaska, Bahamas, Mexico, Panama Canal and the Caribbean.
 -0- 4/28/93
 /CONTACT: Lloyd Axelrod or Rich Steck of Royal Caribbean Cruises Ltd., 305-539-6573/


CO: Royal Caribbean Cruise Line ST: Florida IN: LEI SU: OFR

JB-CM -- FL003 -- 1768 04/28/93 08:12 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 28, 1993
Words:232
Previous Article:FOUNDATION ANNOUNCES FINALISTS IN MICHIGAN EXCELLENCE IN JOURNALISM COMPETITION
Next Article:JB'S RESTAURANTS SAYS IT IS NOT AWARE OF REASONS FOR RECENT STOCK PRICE DROP
Topics:


Related Articles
ROYAL CARIBBEAN CRUISES LTD. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING
ROYAL CARIBBEAN CRUISES LTD. ANNOUNCES OVER-ALLOTMENT OPTION EXERCISED
Royal Caribbean Prices $150 Million Public Offering Of $3.625 Series A Convertible Preferred Stock
Royal Caribbean Declares Dividends On Common And Preferred Stock
Royal Caribbean Plans to Offer 8,000,000 Shares of Common Stock
Royal Carribbean Prices Offering of Common Stock
Royal Carribbean Prices Offering of Common Stock
Royal Caribbean Prices Public Offering of Common Stock
Royal Caribbean Plans To Offer 10,000,000 Shares Of Common Stock.
Royal Caribbean Announces Public Offering of Zero-Coupon Convertible Debt.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters