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Carnival ( (CCL) ) just unveiled an announcement.
On February 7, 2025, Carnival Corporation closed a private offering of $2.0 billion in senior unsecured notes due 2033, using the proceeds to redeem $2.03 billion in higher-interest senior priority notes due 2028. This financial maneuver is part of Carnival’s strategy to reduce interest expenses, which is expected to lower net annual interest costs by over $80 million, simplify its capital structure, and manage future debt maturities, thereby impacting its financial health positively.
More about Carnival
Carnival Corporation & plc is the largest global cruise company and one of the largest leisure travel companies, operating 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: 9.72%
Average Trading Volume: 20,267,112
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $35.52B
See more insights into CCL stock on TipRanks’ Stock Analysis page.
