- Royal Caribbean Cruises Ltd (NYSE:RCL) has commenced a private offering of $1 billion of senior unsecured notes due 2026.
- The proceeds will be used for general corporate purposes, including the replenishment of capital due to the up to 40% redemption of its 11.500% Senior Secured Notes Due 2025 and for refinancing future debt.
- The company recently reported a wider-than-expected loss in Q2 and expected to incur a net loss in Q3.
- Royal Caribbean held $4.25 billion in cash and equivalents as of June 30, 2021.
- Price Action: RCL shares traded lower by 0.71% at $80.18 on the last check Wednesday.
RBC Capital Maintains Outperform on Maple Leaf Foods, Lowers Price Target to C$42
RBC Capital analyst Irene Nattel maintains Maple Leaf Foods (TSX:MFI) with a Outperform and lowers the price target from C$43 to C$42.
