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Carnival ( (CCL) ) has shared an update.
Carnival Corporation has announced the repricing of approximately $700 million in term loans maturing in 2027 and $1.75 billion in loans maturing in 2028, as part of their ongoing efforts to reduce interest expenses. This repricing is anticipated to save the company around $18 million annually, potentially enhancing their financial stability and competitiveness within the leisure travel industry.
More about Carnival
Carnival Corporation & plc is the largest global cruise company and one of the largest leisure travel companies. Its portfolio comprises world-class cruise lines such as 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: -2.96%
Average Trading Volume: 21,483,665
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $30.38B
Learn more about CCL stock on TipRanks’ Stock Analysis page.
