Carnival Cruise Lines Seeks to Borrow $3 Billion

(Bloomberg) — Cruise line operator Carnival Corp. is turning to all corners of the capital markets to raise $6 billion of cash after the Covid-19 pandemic halted travel, bringing its business to a near standstill.The company is tapping bond investors on both sides of the Atlantic with a $3 billion sale of secured notes in U.S. dollars and euros, according to people with knowledge of the matter who asked not to be identified because the details are private. The new notes will be secured by a first-priority claim on the company’s assets and mature in three years, the people said.Carnival …read more

Source:: Yahoo Finance

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