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The latest announcement is out from Carnival ( (GB:CCL) ).
Carnival Corporation & plc has successfully closed a €1.0 billion senior unsecured notes offering, with the proceeds aimed at repaying borrowings under its senior secured term loan facilities. This strategic financial move is part of Carnival’s ongoing efforts to deleverage, reduce interest expenses, and simplify its capital structure, as it edges closer to achieving an investment-grade credit rating. The notes, due in 2031, will pay an annual interest of 4.125% and are guaranteed by Carnival Corporation and its subsidiaries. This transaction underscores Carnival’s proactive approach to capital market engagement, which is expected to strengthen its financial standing and operational flexibility.
The most recent analyst rating on (GB:CCL) stock is a Hold with a £1650.00 price target. To see the full list of analyst forecasts on Carnival stock, see the GB:CCL Stock Forecast page.
Spark’s Take on GB:CCL Stock
According to Spark, TipRanks’ AI Analyst, GB:CCL is a Outperform.
Carnival Corporation’s overall score reflects its strong recovery in financial performance and the positive sentiment from recent earnings and corporate actions. While technical indicators show bullish momentum, the high leverage and lack of dividend yield moderate the overall score. The earnings call and corporate events significantly boost investor confidence.
To see Spark’s full report on GB: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: 600,115
Technical Sentiment Signal: Buy
Current Market Cap: £28.49B
For a thorough assessment of CCL stock, go to TipRanks’ Stock Analysis page.