Royal Caribbean Gets Financing For Oasis

Oasis of the Seas under construction, February 2009A 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.


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