Carnival Completes $1 Billion Senior Notes Offering

Carnival ( (CCL) ) has provided an announcement.

On May 21, 2025, Carnival Corporation closed a private offering of $1.0 billion in senior unsecured notes due 2031, with a 5.875% interest rate. The proceeds will be used to redeem $993 million of the company’s 7.625% senior unsecured notes due 2026, continuing its strategy to reduce interest expenses and manage debt maturities. The transaction is expected to save over $20 million in net interest expenses by the maturity date of the 2026 notes. The notes are guaranteed by Carnival plc and certain subsidiaries and include investment-grade covenants.

The most recent analyst rating on (CCL) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Carnival stock, see the CCL Stock Forecast page.

Spark’s Take on CCL Stock

According to Spark, TipRanks’ AI Analyst, CCL is a Neutral.

Carnival Corporation demonstrates a solid recovery trajectory with strong revenue growth and improved profitability. The company’s aggressive debt management and refinancing efforts enhance its financial stability. However, high leverage and technical indicators suggest caution. The stock remains a potential investment with a focus on long-term recovery and strategic execution.

To see Spark’s full report on CCL stock, click here.

More about Carnival

Carnival Corporation & plc is the largest global cruise company and one of the largest leisure travel companies, with a portfolio of world-class cruise lines including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn.

Average Trading Volume: 26,782,532

Technical Sentiment Signal: Buy

Current Market Cap: $30.34B

For a thorough assessment of CCL stock, go to TipRanks’ Stock Analysis page.