Possible Financing Problems For Oasis Of The Seas

Dave · #1 (**permalink**) 02-26-2009, 07:33 AM

According to this published report , RCI stated in it's recent SEC filing that they may experience problems with paying for the Oasis come delivery time this fall.

The pertinent excerpt from the SEC filing: "We must still secure financing for Oasis of the Seas and Allure of the Seas, and, although we believe that we will be able to do so, there can be no assurance that we will be able to do so or that we will be able to do so on acceptable terms."

Anyone got a spare $1.4 billion dollars?

Berick1234 · #2 (**permalink**) 02-26-2009, 07:41 AM

Hi Dave,

I checked under my mattress and I'm a little short...if you want to go 50-50 we could have a blast on our own ship....You could drive and I would cook....Hope they can find the financing...or then, some rich oil shiek could buy it for his private yacht.....

Bob E

Dave · #3 (**permalink**) 02-26-2009, 07:47 AM

Maybe the government can issue a bailout and take control of RCI.

Berick1234 · #4 (**permalink**) 02-26-2009, 08:11 AM

If we bail them out, we could put all the politicians onboard and send them on a cruise to "Nowhere".....one way to get rid of them...
Happy Cruising...

Bob E

Dave · #5 (**permalink**) 02-26-2009, 08:18 AM

Then I'd be in the market for a used submarine and a couple torpedoes.

Jim C. · #6 (**permalink**) 02-26-2009, 08:39 AM

If I am going to have to pay for a ship, I'm sure as heck not going to be the one doing the cooking!

I wonder how this works? You would think that they would have had to have shown a plan to finance the ship before the shipyard would start building it. Not that RCi looked to be in any trouble when they started building, but still...

penny3333 · #7 (**permalink**) 02-26-2009, 08:46 AM

All the members of this board could chip in, as long as we were able to have a Royal Suite free of charge whenever we desired

I would imagine the shipyard would have trouble finding another buyer.

Dave · #8 (**permalink**) 02-26-2009, 09:16 AM

I'm confused about the contract for the ships too. You'd think before the first piece of steel was swung into place the money would be there. Instead it sounds like "you go ahead and build the ship and we'll get back with you about the payments".

penny3333 · #9 (**permalink**) 02-26-2009, 09:41 AM

Surely, they had to put a percentage down before they started work on the ship. Unless the workers and suppliers do it out of the charity of their hearts.

Dwayne · #10 (**permalink**) 02-26-2009, 10:58 AM

They get short term financing while they secure commitments for the long term. Not that I'm very smart about this...Look at my Ship Finance stock!

They'll get the financing, just maybe not on the terms they wanted.

Dwayne

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