Oaktree-Backed Yacht Cruise Line's Debt Hits Choppy Waters
The Ritz-Carlton Yacht Collection’s senior secured notes plunged after the company said it is unlikely to generate positive earnings until 2027
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Welcome to The Brink. I’m Edward Clark, a reporter in London, where I’ve been following the fortunes of an Oaktree-backed ultra-luxury cruise line The Ritz-Carlton Yacht Collection. We also have the latest on payments firm Worldline, department store Saks and satellite company EchoStar. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Investors who crowded aboard The Ritz-Carlton Yacht Collection’s inaugural bond offering a year ago were likely hoping for a smoother ride than the one they’ve had this month.