Cruises
Ritz-Carlton Yacht Collection lenders defer repayments: report
Lenders to The Ritz-Carlton Yacht Collection agreed to defer repayment dates and waive covenants as the luxury cruise operator struggles with low occupancies. Crédit Agricole deferred $171m of payments for Ilma and Luminara, extending loans to January 2028 and January 2033 respectively. A Spanish bank syndicate led by CaixaBank delayed a $299m payment for Evrima. RCYC shareholders will provide $275m in additional equity, with Oaktree Capital Management holding 55%, Mohari Hospitality 30%, and Singapore's GIC 15%.
