In addition, the company has committed financing for all of its new ships on order. “This is a period of unprecedented disruption for the cruise industry,” said Jason Liberty, executive vice president and CFO.
“We continue to take decisive actions to protect the company’s financial and liquidity positions as they enable us to keep focused on our guests, our crew and our long-term plans.” Morgan Stanley, J.P. Morgan, Bank of America, BNP Paribas and Goldman Sachs acted as joint lead arrangers and bookrunners on the secured term loan facility.