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Royal Caribbean Cruises takes $2 billion financing loan

Royal Caribbean Adds $2.2 Billion Credit Line

Royal Caribbean Cruises on Monday announced it has received a $2.2 billion revolving credit line to help the company's financial situation.

The announcement was made in an effort to bolster its finances in the face of a cruise industry hurt by the coronavirus.

The addition of this load means Royal Caribbean says it has over $3.6 billion on hand in the form of cash deposits and other existing, revolving credit that has not been used.

In addition, the company has committed financing for all of its new ships on order.

The move comes from the parent company of Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises.