Carnival ( (CCL) ) just unveiled an update.
On February 28, 2025, Carnival Corporation closed a private offering of $1.0 billion in senior unsecured notes with a 5.750% interest rate, maturing in 2030. The proceeds were used to redeem existing 10.500% senior unsecured notes, reducing the company’s interest expense by over 4.5%, which is expected to lower annual interest costs by approximately $45 million. This strategic financial maneuver is part of Carnival’s ongoing efforts to manage debt and reduce interest expenses, potentially improving its financial health and operational flexibility.
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 including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn.
YTD Price Performance: -6.04%
Average Trading Volume: 20,100,355
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $30.5B
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