What's Going On With Carnival (CCL) Stock Today - Carnival (NYSE:CCL)

Carnival Corp CCL said its subsidiary, Carnival Holdings Limited, has commenced a private offering of $1.25 billion aggregate principal amount of Senior Priority Notes due 2028.
The senior priority notes will be fully and unconditionally guaranteed on an unsecured basis, jointly and severally, Carnival plc and its subsidiaries.
The company and its subsidiaries will contribute 12 unencumbered vessels to the Issuer, with each of the vessels continuing to be operated under one of Carnival Plc’s or its subsidiaries’ brands.
Carnival expects to use the net proceeds of the offering to make principal payments on debt and for general corporate purposes.
PJT Partners is serving as an independent financial advisor to Carnival Corporation & plc.
Price Action: CCL shares are trading higher by 9.56% at $7.97 on the last check Tuesday.

Carnival Raises $1.25B Via Debt