A couple of days ago, news leaked out that Royal Caribbean will stage the Broadway hit “Hairspray” on its massively huge almost-finished mega-gargantuan ship Oasis of the Seas.
Today, Royal Caribbean announced that it had actually secured financing for the ship, which is set to launch in December. If may seem a little backward to book the entertainment before figuring out how to pay for the ship, but that appears to be how high finance works these days.
Finnvera, a credit company owned by the Finnish government, raised its loan guarantees from 80 percent of the ship’s $1.24 billion cost to 95 percent. (Bloomberg has the background.) The ship is being built at the STX Europe shipyards in Turku, Finland.