Royal Caribbean secures $2 billion in financing to stay afloat..

[r2d2]

Royal Caribbean Cruises (RCL) has received a $2.2 billion revolving line credit to help the beleaguered company stay afloat, it announced Monday. The move was made to "bolster its liquidity," bringing its total to $3.6 billion. The cruise industry is in dire straits as the world shuts down because of coronavirus. Royal Caribbean's stock briefly halted trading. It fell 1% Monday and is down more than 80% for the year.

"This is a period of unprecedented disruption for the cruise industry," said Jason Liberty, the company's chief financial officer said in a release. "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."

[Hitman]

Giving another opportunity to short .

[phatposts]

calm before the storm laaga undi ee gola