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An update from Carnival ( (GB:CCL) ) is now available.
Carnival Corporation & plc has successfully closed a $2.0 billion senior unsecured notes offering at an interest rate of 6.125%, set to mature in 2033. The proceeds from this offering, combined with cash reserves, were utilized to redeem $2.03 billion worth of 10.375% senior priority notes due 2028, resulting in a significant reduction in annual interest expenses by over $80 million and a streamlined capital structure for the company, reflecting a strategic move to enhance financial efficiency and manage future debt obligations.
More about Carnival
Carnival Corporation & plc is the largest global cruise company and a leading player in the leisure travel industry, boasting a diverse portfolio of renowned 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: 8.11%
Average Trading Volume: 615,649
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £27.92B
See more insights into CCL stock on TipRanks’ Stock Analysis page.
