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Virgin Voyages raises $550 million in new funding
Virgin Voyages has closed on $550 million in new capital.
It was led by funds and accounts managed by BlackRock and includes new external financing and additional capital from existing investors including Bain Capital Private Equity and Virgin Group.
Virgin Voyages has also received additional support from its existing lenders.
The new funding will enable Virgin Voyages to continue on its growth strategy path.
Virgin Voyages officially launched in August 2021 and currently sails two ships, Scarlet Lady from the US to the Caribbean, and Valiant Lady currently sailing in the Mediterranean.
“We have created a product that both our investors and consumers truly believe in, and this additional capital comes at a time when we’re looking forward to exponential growth,” said Tom McAlpin, CEO of Virgin Voyages.
Research by Virgin Voyages says 96% of consumers are keen to cruise this year.
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