thatguy

It's not quite as ominous as it may seem. In a zero revenue environment they need to conserve cash as much as possible. What this is effectively doing is extending the due date on what was a one year loan at the cost of additional interest. True that from a personal finance perspective refinancing a debt to extend the due date is generally not advised. However, think of all the costs RCCL will incur when they restart operations again. (Positioning and hiring crew, positioning ships, maintenance, fuel, restocking, marketing, etc) They need to have cash available to do it and you don't wan

The following is a bit of an over simplification for the accountants out there but here is the "explain like I'm 5" explanation RCCL amended the agreements it has made with banks on 3 loans A $1.55 billion revolving credit facility A $1.925 billion unsecured revolving credit facility A $1.0 billion unsecured 3 year loan A revolving credit facility you can think of as similar to a home equity line of credit. The second loan is the same but "Unsecured" means the loan has no collateral. It is typical for businesses to have lines of credit like this for additional liquidit

I got my refunds for the previous charges today so that is 9 days.

Same here I'm on the Dec 13 Freedom cruise and cancelled and rebooked the DBP and internet on April 21. No refund of the previous charges as of today yet.

I waited for Royal to cancel our March 23rd cruise. I received my cruise planner refunds about two weeks after and the FCC exactly on day 30. I still have not received a refund for the taxes and port fees yet.