Another important task at Royal Caribbean Group has been to enhance its liquidity. Also as of June 30, Royal Caribbean Group said it had about US$4.1 billion in cash and equivalents. The company said that since its last earnings call it had taken additional actions, including issuing US$1 billion of priority guaranteed notes and US$1.15 billion of convertible notes; completing a US$900 million, 12-month debt amortisation holiday from its export-credit backed facilities; and amending more than US$11 billion of bank and credit-export facilities to provide covenant waivers through the fourth quarter of 2021.