Shearman And Sterling

News Dec 03, 2020

Royal Caribbean Cruises Ltd.’s $1 Billion At-The-Market Program

Shearman & Sterling represented Morgan Stanley, BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities and others as managers in connection with the commencement of a $1 billion At-The-Market equity program for Royal Caribbean Cruises.

Royal Caribbean Cruises is a global cruise vacation company that controls and operates four global brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. Royal Caribbean is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, its brands operate 62 ships with an additional 16 on order as of September 30, 2020.

The Team