News Formal

Cash-strapped Royal Caribbean draws down its revolving credit lines as coronavirus pandemic tests the cruise industry

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Cash-strapped Royal Caribbean drains its revolving credit lines due to coronavirus pandemic

, have sought cash infusions to remain solvent after the industry announced a suspension of operations due to the coronavirus pandemic.

Royal Caribbean had previously announced steps to bolster its finances. On March 23, the company said it entered into a $2.2 billion loan agreement with a consortium of lenders. At the time, the company said it had $3.6 billion of liquidity, including undrawn revolving credit lines.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

O well

At least their stock is up today.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Royal Caribbean CEO foregoes salary as coronavirus hurts cruise lines - Business InsiderRoyal Caribbean's CEO won't be paid until September and other executives are taking 25% pay cuts as the coronavirus ravages the cruise industry Damn that’s a long time They don’t pay tax in USA don’t help them
Source: BusinessInsider - 🏆 729. / 51 Read more »