Royal Caribbean Group is seeking to raise further funds as global cruises remain at a standstill amid the Covid-19 pandemic.
A public offering of $500 million of shares of common stock in the company has been released.
Underwriters will be granted an option to purchase up to $75 million of additional shares.
“The company expects to use the net proceeds from the offering for general corporate purposes,” the group said.
Royal Caribbean Group is also seeking $500 million in debt security via a private offering of senior convertible notes due in 2023.
The company intends to grant the initial purchasers an option to purchase up to an additional $75 million principal amount of convertible notes, according to a statement from the parent company of Royal Caribbean International, Celebrity Cruises, Azamara and Silversea.
The group posted a second quarter loss of $1.6 billion in August following a first quarter loss of $.16 billion in May.
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