Carnival Corporation's $625 Million Trading Volume Marks Second Day of Gains, $1 Billion Debt Offering to Reduce Interest Costs

On May 13, 2025, Carnival Corporation & plc (CCL) saw a trading volume of $625 million, marking a 34.06% decrease from the previous day. CCL's stock price rose by 2.76%, marking the second consecutive day of gains, with a total increase of 12.63% over the past two days.

Carnival Corporation & plc has announced the pricing of a $1 billion offering of 5.875% senior unsecured notes. This move is part of the company's strategy to refinance existing debt and reduce interest expenses. The proceeds from this offering will be used to redeem $993 million of 7.625% senior unsecured notes due in 2026. This redemption is expected to occur on May 22, 2025, and is contingent upon the successful closing of the notes offering.

The new notes, priced at 5.875%, will help Carnival reduce its annual interest costs by $20 million. This financial maneuver aligns with the company's broader strategy to manage debt maturities effectively. Carnival Corporation is the world's leading cruise ship line, operating multiple brands including Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, Cunard, AIDA Cruises, Costa Cruises, P&O Cruises, and P&O Cruises Australia. The company's fleet consists of 94 ships with a total capacity of 269,970 berths, serving a diverse global market.