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Carnival Corporation (NYSE:LON:CCL, NYSE:CUK), with a market capitalization of $39.43 billion, announced Tuesday it has issued a notice of redemption for the remaining outstanding principal amount of its 5.750% senior unsecured notes due 2027. According to a press release statement included in a filing with the Securities and Exchange Commission, approximately $322 million of the notes will be redeemed on August 29, 2025. This move comes as part of the company’s debt management strategy, with total debt currently standing at $28.65 billion.
The redemption will be executed at a price equal to 100% of the principal amount, plus an applicable make-whole premium and accrued and unpaid interest up to, but excluding, the redemption date. The company clarified that the current report does not itself constitute a notice of redemption with respect to the 2027 unsecured notes. According to InvestingPro data, Carnival (NYSE:CCL)’s stock has shown strong momentum, trading near its 52-week high with a remarkable 92% return over the past year.
Carnival Corporation is furnishing this information to comply with Regulation FD. The company’s common stock and ordinary shares are traded on the New York Stock Exchange under the symbols CCL and CUK, respectively.
All information is based on a press release statement filed with the SEC.
In other recent news, Carnival Corporation has made significant financial moves by closing a $3 billion private offering of 5.75% senior unsecured notes due in 2032. The company plans to use these proceeds to repay its first-priority senior secured term loan facility maturing in 2028 and redeem $2.4 billion of its 5.75% senior unsecured notes due in 2027. Additionally, Carnival has closed a €1.0 billion offering of 4.125% senior unsecured notes due in 2031, which will also be used to repay existing borrowings. In terms of analyst activity, TD Cowen has initiated coverage on Carnival with a Buy rating, highlighting the company’s focus on yield optimization and margin improvement. Furthermore, Goldman Sachs has reiterated its Buy rating on Carnival, citing demand growth following meetings with company executives. These financial and analyst developments reflect ongoing strategic maneuvers by Carnival to manage its debt and optimize its financial standing.
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