Carnival Cruise Lines Looks to Raise Another $1 Billion in Debt
- Cruise operator seeks ~$1 billion in mix of euros and dollars
- New debt raise follows recent trips to loan and bond markets
The Carnival Corp. Miracle and Panorama cruise ships sit anchored at the Port of Long Beach in Long Beach, California, on April 13.
Photographer: Tim Rue/BloombergThis article is for subscribers only.
Cruise ship operator Carnival Corp. is back in the debt markets this week, adding around $1 billion to the nearly $7 billion it’s borrowed since the coronavirus pandemic devastated the international tourism trade.
The world’s largest cruise group is selling bonds to international investors in both euros and U.S. dollars, according to people familiar with the matter who asked not to be identified because the information isn’t public yet.