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An announcement from Carnival ( (GB:CCL) ) is now available.
Carnival Corporation & plc has announced the upsizing and pricing of a $3.0 billion offering of 5.75% senior unsecured notes due 2032. The proceeds from this offering will be used to repay existing borrowings and redeem $2.4 billion of senior unsecured notes due 2027. This move is part of Carnival’s strategy to deleverage and manage future debt maturities, positioning the company to reduce its secured debt and potentially improve its credit ratings, which could have positive implications for stakeholders.
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, featuring a portfolio of world-class cruise lines such as 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
See more data about CCL stock on TipRanks’ Stock Analysis page.