Royal Caribbean Group announces pricing of $500 million senior convertible notes offering

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has priced its previously announced private offering of $500 million aggregate principal amount of 2.875% Convertible Senior Notes due 2023 (the “Convertible Notes”). In connection with the offering of the Convertible Notes, the Company granted certain of the initial purchasers of the Convertible Notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the Convertible Notes. The offering is expected to close on October 16, 2020, subject to customary closing conditions. The Company expects to use a portion of the net proceeds from the offering to repay its 2.650% Senior Notes due 2020, with the remainder to be used for general corporate purposes.

The Convertible Notes will mature on November 15, 2023, unless earlier converted, redeemed pursuant to a tax redemption or repurchased. The initial conversion rate

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Royal Caribbean Group announces pricing of offering of 8,333,333 shares of common stock

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has priced its previously announced underwritten public offering of 8,333,333 shares of common stock of the Company at a price of $60.00 per share. The offering is expected to close on October 16, 2020, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to 1,250,000 of additional shares, which must be exercised on or before November 12, 2020. The Company expects to use the net proceeds from the offering for general corporate purposes.

The Company also announced by separate press release that it has priced its previously announced private offering to eligible purchasers of $500 million aggregate principal amount of 2.875% senior convertible notes due 2023 (or up to $575 million aggregate principal amount if the initial purchasers exercise in full their option to purchase additional

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Royal Caribbean Group announces proposed offering of senior convertible notes

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has commenced a private offering of senior convertible notes to be issued by the Company due 2023 (the “Convertible Notes”) for an aggregate principal amount of up to $500 million. In addition, the Company intends to grant the initial purchasers an option to purchase up to an additional $75 million principal amount of Convertible Notes.

The Convertible Notes will be convertible at the holder’s option in certain circumstances. Upon conversion, the Company may satisfy its conversion obligation by paying or delivering, at its election, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock.

The Company expects to use a portion of the net proceeds from the offering to repay its 2.650% Senior Notes due 2020, with the remainder to be used for general

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Airlines Offering ‘Flights to Nowhere’ Amid COVID-19 Travel Restrictions

Copyright 2020 NPR. To see more, visit https://www.npr.org.

RACHEL MARTIN, HOST:

How are people who love travel coping during a pandemic that has left a lot of us stuck at home, a lot of borders closed. Right? Well, they are coping not well. Some airlines in Asia are trying to offer a solution – flights to nowhere. Seriously, these flights start and end at the exact same airport. A skeptical Michael Sullivan investigated.

(SOUNDBITE OF CHIME)

UNIDENTIFIED PERSON: (Non-English language spoken).

MICHAEL SULLIVAN, BYLINE: It’s late afternoon, and I’m standing in Bangkok’s Don Mueang Airport waiting to board my flight home to Chiang Rai. It’s about an hour north. The airport is about half full. The Thai government still isn’t allowing foreign flights in due to COVID, but people here can get where they need to go in Thailand as long as they wear masks. And if the weather’s good,

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Treebo Hotels Raises $6 Mn In Funding to Ramp up its Tech Offering to Small and Medium Hotels

The funding round was led by Treebo’s existing investors Matrix Partners India, SAIF Partners, Ward Ferry and Bertelsmann India.

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Bengaluru-based budget hospitality chain Treebo Group of Hotels has raised USD 6 million in a funding round led by its existing investors Matrix Partners India, SAIF Partners, Ward Ferry and Bertelsmann India.

“The investment will assist the establishment toughen up its defenses against the COVID-19 pandemic, which has had a brutal blow on the financial system, particularly the travel sector,” the company said in a statement.

Treebo operates over 600 hotels in more than 100 cities across the country, competing with the likes of Oyo Hotels & Homes, FabHotels, Yatra, MakeMyTrip and ClearTrip.

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Royal Caribbean offering cruises from Singapore that go nowhere

  • The Singapore Tourist Board gave permission to Royal Caribbean and Genting to start offering cruises that depart and arrive in its port that don’t dock anywhere else, according to MarketWatch. 
  • Royal Caribbean will offer three- and four-night trips out of Singapore starting on December 1. 
  • The move is seen as a solution to prevent spreading the virus to other ports while also giving passengers a chance to enjoy cruises again.
  • Visit Business Insider’s homepage for more stories.

If seeing faraway places is your only reason for taking a cruise, then this newest exercise from Royal Caribbean International and Genting Cruise Lines probably won’t interest you. But if you love going on cruises because you just love being on a big boat, then this one’s for you.

The two cruise lines just got permission from authorities in Singapore to start sailing out of its port, MarketWatch reports. After a few days,

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San Antonio River Walk offering kayaking in famed business district for the first time in 30 years

The River Walk is paddling in new opportunities in 2020.

For the first time in 30 years, kayaking will be allowed through the River Walk’s scenic business district, where countless postcards and San Antonio snapshots have taken place.

Kayaking on other extensions of the San Antonio River, like the King William District and Mission Reach, has been a popular activity, especially during the coronavirus pandemic. You were, however, not allowed access to the world-famous business district, where the hotels and restaurants are located.

RELATED: I kayaked on the San Antonio River in the King William Historic District, here’s what you need to know

“This is a whole new route, a whole new ball game,” said San Antonio River Walk Association Executive Director Maggie Thompson.

The River Walk barges have total rights to the area, but the Go Rio Cruises are now starting boat tours at noon, giving kayakers a rare

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Bangkok Airways offering up to a 20% discount to certain groups of Thais

A new poll finds the vast majority of Thais believe child abuse at schools is not okay. The Suan Dusit Rajabhat University Poll, or Suan Dusit Poll asked 1,896 people nationwide from September 29 – October 2, to gather their opinions on the recent spate of reported abuses of children in Nonthaburi and other Bangkok schools.

(The Thaiger believes it’s an odd poll to conduct).

Although 79% of respondents say they did not have direct experience with such violence in classrooms by teachers, about 84% say the teachers who were accused of the abuse had overacted with about the same amount saying they lacked professional ethics.

21% of respondents say they had direct experience with school violence, which included being beaten with a ruler, stick, blackboard eraser, pinched or kept in isolation from others. A large majority also said the abuse indicated negligence on behalf of the schools with the

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Universal Orlando Resort offering 3 days free with purchase of 2-day passes, additional deals for Floridians

Universal Orlando hopes to lure back visitors with a brand new promotion.

The resort, which became one of Florida’s first major theme parks to reopen when it welcomed back guests in early June, is now offering three free days with the purchase of “2-Park 2-Day” passes, or five days for the price of just two.

There are two versions of the deal currently available: One that grants guests admission to both Universal Studios Florida and Universal’s Islands of Adventure on the same days, for each of the five days (tickets cost $303.95 per adult, $293.99 per child), and one that allows admission to only one of those parks per day, for each of the five days ($243.99 per adult, $233.99 per child).

The deal is available through Jan. 6, 2021, and tickets must be used by Aug. 31, 2021. Between that time, guests who purchase the promo tickets will be

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Hotels offering ‘schoolcation’ packages to desperate parents

Just what the doctor ordered.

Hotels and resorts across the US are increasingly offering “schoolcation” packages — encouraging frustrated parents to hit the pool while someone else deals with the Zoom calls. The deals come as parents say they’re at their wits’ end working from home while their kids attempt to remotely learn under the same roof.

At Disney World in Orlando, Florida, travelers staying at the Four Seasons can pay for their children to attend “supervised schoolwork sessions,” which cost $50 for a half-day and $100 for a full day, reports NBC News. In sessions of six at a time, students will work at socially distant desks in a hotel ballroom.

In addition to child care, students will do arts and crafts, swim and play volleyball. They can head over to Explorer Island water park for recess — a major upgrade from schoolyard swings.

Also in Florida, the Shelbourne

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