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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Royal Caribbean Group announces proposed offering of common stock

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has commenced an underwritten public offering of $500 million of shares of common stock of the Company and intends to grant the underwriters an option to purchase up to $75 million of additional shares. The Company expects to use the net proceeds from the offering for general corporate purposes.

The Company also announced by a separate press release that it has commenced a private offering to eligible purchasers of $500 million aggregate principal amount of 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 convertible notes). Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the convertible notes. The closing of each offering is not conditioned upon the closing

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Universal Music Group announces $1.2B resort in Mississippi

BILOXI, Miss. (AP) — A coastal Mississippi city will be among the first sites to launch a hotel and casino backed by a major global music corporation, according to officials.

The $1.2 billion Biloxi resort, a partnership between Universal Music Group and the Dakia U-Ventures investment group, is set to include a large performance venue, a 1,000-room luxury hotel and a casino, according to a Friday announcement from the groups, which are also launching similar ventures in Atlanta and Orlando, Florida.

The Biloxi City Council in June approved a tourism tax incentive to redevelop a 266-acre (108-hectare) property that was once the site of the Broadwater Beach Hotel, marina, and golf course, according to the city resolution. The historic resort was built in 1939 and closed in 2005 shortly before Hurricane Katrina destroyed the property, news outlets reported.

Universal called the venture a “music-based experiential hotel” property and said

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India announces economic stimulus to boost demand by US$10bil; big growth in mobile subscriber base

NEW DELHI, Oct 13 (Reuters): India has announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy.

The government will allow its employees to spend tax-exempt travel allowances on goods and services, Nirmala Sitharaman, India’s finance minister told a news briefing.

She said the government will also shore up investment by spending extra 250 billion rupees (US$3.41 billion) on roads, ports and defence projects, and offering 120 billion rupees in interest-free 50-year loans to state governments for spending on infrastructure before March 31,2021.

“All these measures are likely to create an additional demand of 730 billion rupees (US$9.96 billion),” Sitharaman said, adding the proposals would stimulate demand in a “fiscally prudent way.”

Prime Minister Narendra Modi’s government, which imposed a tough lockdown to stem the

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India announces economic stimulus to boost demand by $10 bln

By Aftab Ahmed and Manoj Kumar

NEW DELHI, Oct 12 (Reuters)India on Monday announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy.

The government will allow its employees to spend tax-exempt travel allowances on goods and services, Nirmala Sitharaman, India’s finance minister told a news briefing.

She said the government will also shore up investment by spending extra 250 billion rupees ($3.41 billion)on roads, ports and defence projects, and offering 120 billion rupees in interest-free 50-year loans to state governments for spending on infrastructure before March 31,2021.

“All these measures are likely to create an additional demand of 730 billion rupees ($9.96 billion),” Sitharaman said, adding the proposals would stimulate demand in a “fiscally prudent way.”

Prime Minister Narendra Modi’s government,

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India announces economic stimulus to boost demand by $10 billion

NEW DELHI (Reuters) – India on Monday announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy.

FILE PHOTO: Finance Minister Nirmala Sitharaman arrives at her office before leaving for parliament to present the federal budget in New Delhi, India, July 5, 2019. REUTERS/Anushree Fadnavis/File photo

The government will allow its employees to spend tax-exempt travel allowances on goods and services, Nirmala Sitharaman, India’s finance minister told a news briefing.

She said the government will also shore up investment by spending extra 250 billion rupees ($3.41 billion)on roads, ports and defence projects, and offering 120 billion rupees in interest-free 50-year loans to state governments for spending on infrastructure before March 31,2021.

“All these measures are likely to create an additional

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International Flights: Air India Announces Additional Flights to Canada From Oct 25, Booking Begins | Details Here

International Flights: Amid the rising demands for international flights, National carrier Air India has announced that it will operate additional flights between India and Canada from  October 25 to 27 March 2021. Bookings for the flights have started. Flyers can book their tickets on the airline’s official website, booking offices, call centres or travel agents. Also Read – International Flights: When Will The Normal International Flights Resume? Not This Year

Scheduled international passenger flights have been suspended in India since March 23 due to the coronavirus pandemic. However, special international flights have been allowed since July under the bilateral air bubble pacts formed by India with around 16 countries, including Canada. Also Read – Ladakh Dispute: Time to Accept Talks Won’t Make China Change Its Aggressive Stance, Says US NSA

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Ko Olina Resort announces parking lot at Lagoon 4 will open to the public on Saturday

The public parking lot to Ko Olina Resort’s Lagoon 4 will reopen Saturday, the resort announced Friday afternoon.

“With the upcoming re-opening of travel on Oct. 15, Ko Olina will be reopening the Ulua Lagoon 4 public parking lot to the general public, effective tomorrow, October 10,” Sweetie Nelson, director of destination marketing for Ko Olina Resort Operators Association, Inc., informed the Honolulu Star-Advertiser in an email.

The resort had announced Tuesday the Lagoon 4 lot, the resort’s largest with 102 stalls, would reopen Nov. 1, which is also the slated reopening date of Ko Olina’s Aulani Disney Resort and Spa.

In another change, Lagoon 4, the farthest of the lagoons from the resort’s hotels and condominiums, would be reserved exclusively for public use while Lagoons 1, 2 and 3 would be reserved exclusively for hotel guests and condo owners.

The separation scenario, envisioned to reduce risks of transmission of

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