March 10, 2020 / 12:47 PM / a month ago

Royal Caribbean increases borrowing capacity, withdraws 2020 forecast

March 10 (Reuters) - Royal Caribbean Cruises Ltd said on Tuesday it had increased its revolving credit capacity by $550 million and withdrew its full-year forecast, citing the coronavirus outbreak.

The company said it was also planning to reduce spending and operating expenses as a part of the move. (Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)

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