The group, which owns the Royal Caribbean, Celebrity, Azamara and Silversea cruise brands, said it had received a “binding commitment” from US bank Morgan Stanley for the loan.
The Miami-based company has currently suspended all cruises up to and including 31 October, due to the ongoing Covid-19 crisis. It hopes to resume operations from 1 November.
Royal Caribbean Group can use the $700 million loan at any time up to 12 August 2021 and if drawn, the company expects to use the money “for general corporate purposes”.
