Carnival to raise $1.26 billion in debt to deal with COVID-19 impact

Carnival to raise $1.26 billion in debt to deal with COVID-19 impact

Cruise ship operator Carnival Corp. is planning to raise about $1.26B in a bond offering as it struggles to stay afloat after the pandemic impacted its business.The bond offering is split into a $775M tranche paying an annual coupon of 10.5%, and 425M euro-tranche paying 10.125%. Carnival has raised over $10B through a series of financing transactions since its voyages were paused.

Sandra
Sandra
Top in Business
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