Royal Caribbean Shortens Final Payment Due Date, NCL Borrows

Royal Caribbean Shortens Final Payment Due Date, NCL Borrows

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Publish Date:
October 12, 2023
Bahamas Cruises
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Cruise news today. If you're looking to book a Royal Caribbean cruise of 15 nights or longer, you'll now face a higher deposit and an earlier final payment date. According to a letter sent to guests and travel partners, final payments will now be due at the 120-day mark. Previously, booked guests had until the 90-day mark to make final payments. Norwegian Cruise Line Holdings intends to secure $790 million loan using 14 of its cruise ships as collateral. With a maturity date set for 2029 and an annual interest rate of 7.75%, the bonds will be used to settle existing debts. Grand Bahama Shipyard in Freeport, Bahamas is undergoing a $600 million transformation project, which includes the addition of two world-class floating docks, aiming to reestablish itself as a global cruise ship repair facility. The floating docks will enable the yard to service every cruise ship built, including Icon and Oasis classes. Cruise line stocks for CCL, RCL, and NCLH.

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By: Cruise Radio
Title: Royal Caribbean Shortens Final Payment Due Date, NCL Borrows
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