Silversea welcomes Silver Origin to its fleet with first in-person cruise ship delivery since the lockdown
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- Written by Teijo Niemelä Teijo Niemelä
- Category: Top Headlines Top Headlines
- Published: 05 June 2020 05 June 2020

Silversea Cruises has taken delivery of its first-ever destination-specific ship, Silver Origin, from Dutch shipyard De Hoop. An intimate ceremony, held on Wednesday June 3, 2020, marked the first in-person cruise ship delivery since the pandemic prompted a global lockdown.
Select Silversea top executives – including Manfredi Lefebvre d’Ovidio, Chairman; Roberto Martinoli, President and CEO; Damien O’Connor, SVP Hotel Operations & Onboard Revenue; and Barbara Muckermann, Chief Marketing Officer – attended the ceremony in Rotterdam. Joined by representatives from De Hoop Shipyard, Silversea’s executives took a tour of the completed ship for the first time and were present for the official flag ceremony.
“It was a very proud moment for me to attend Silver Origin’s official delivery ceremony in person, and to welcome Silversea’s first-ever destination-specific ship to our fleet. I am very grateful to all involved in the build, especially the professionals at De Hoop Shipyard,” says Manfredi Lefebvre d’Ovidio. “In September 2013, Silversea became the first cruise line to launch an ultra-luxury ship in the Galapagos Archipelago. We have invested our accrued know-how into the design of Silver Origin. Every element of the ship has been designed with the destination in mind and tailored to enhance the experience for travelers, while fostering a deep sense of respect for this magnificent ecosystem and everything that inhabits it.”
“We welcome the beautiful Silver Origin to our fleet as the first ship since the start of our collaboration with Royal Caribbean Cruises Ltd.,” says Roberto Martinoli, Silversea’s President & CEO. “The ship demonstrates how fruitful our collaboration has been, while providing an indication of the great success to come. With Silversea’s destination expertise and the invaluable support of the RCL group, we have pushed the boundaries of ultra-luxury travel in the Galapagos with Silver Origin. I want to extend my gratitude to all those involved, including my colleagues at both Silversea and RCL, but especially to the De Hoop Shipyard who overcame many challenges to complete the ship.”
“It has been extremely rewarding to work on this project, and we are proud for having been able to deliver the ship in spite of the external challenges,” says Patrick Janssens, CEO of De Hoop Shipyard. “The delivery ceremony marked a momentous moment for both parties, and delivering Silver Origin to Silversea’s Executives here in Rotterdam was a great pleasure. We wish the cruise line every success for the future and we look forward to seeing this beautiful ship in the Galapagos Islands where she belongs.”
Integrating the latest state-of-the-art technology and designed with a focus on the pillars of sustainability, destination on board, expedition experience, authentic local culture, and comfort and service, the all-suite, all-balcony, 100-guest Silver Origin will welcome travelers year-round in the unique Galapagos Archipelago. The ship will provide guests with the ultimate destination experience, inspired by Silversea’s accrued expertise and founded on a deep respect for the fragility of the natural environment, while maintaining the cruise line’s trademark quality of service.
Each of Silver Origin's spaces has been designed specifically with the Galapagos in mind by Hirsch Bedner Associates Miami. Silversea’s executives visited each to experience first-hand how they will create unique synergies between the destination and the ship.
RCCL prices $2.0 billion note offerings
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 05 June 2020 05 June 2020
Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping group, has announced that it has priced its concurrent private offerings of $1.0 billion aggregate principal amount of 9.125% Senior Guaranteed Notes due 2023 and $1.0 billion aggregate principal amount of 4.250% Convertible Senior Notes due 2023.
“The Senior Notes will mature on June 15, 2023. The Senior Notes will be fully and unconditionally guaranteed on a senior unsecured basis by a newly formed, direct wholly owned subsidiary of the Company that will own all the equity interests in the Company's subsidiaries that own seven of the Company's vessels,” RCCL said in a statement.
The convertible notes, which will mature on June 15, 2023, unless earlier converted, redeemed pursuant to a tax redemption or repurchased, have the initial conversion rate per $1,000 principal amount of the notes to 13.8672 shares of common stock of the Company, which is equivalent to an initial conversion price of approximately $72.11 per share, subject to adjustment in certain circumstances.
“The initial conversion price represents a conversion premium of approximately 25.00% to the last reported sale price of $57.69 per share of the Company's common stock on The New York Stock Exchange on June 4, 2020,”RCCL said.
RCCL commences private offering of senior and convertible notes
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 04 June 2020 04 June 2020
Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping group, said it has commenced a private offering of senior guaranteed notes and convertible notes.
The senior guaranteed notes to be issued by the company will mature in 2023 and the offering is for an aggregate principal amount of up to $1.0 billion.
Concurrently, RCCL has commenced a private offering of senior convertible notes to be issued by the company due 2023 for an aggregate principal amount of up to $1.0 billion.
“The closing of each offering is not contingent upon the closing of the other offering.The Senior Notes will be fully and unconditionally guaranteed on a senior unsecured basis by a newly formed, direct wholly owned subsidiary of the Company that will own all the equity interests in the Company's subsidiaries that own seven of the Company's vessels. The Convertible Notes will not be guaranteed by any of the Company's subsidiaries,” RCCL said in a statement.
“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 the combined net proceeds from the offerings of the Notes for general corporate purposes, which may include the repayment of indebtedness,” RCCL concluded.
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