Carnival to raise $1bn to make debt payments, shares tumble

Sharecast

Published Nov 16, 2022 11:45

Updated Nov 16, 2022 12:13

Carnival to raise $1bn to make debt payments, shares tumble

Sharecast - The convertible notes are part of the company’s 2024 refinancing plan.

They will pay interest semi-annually on 1 June and 1 December of each year, beginning on 1 June 2023, at a rate of 5.75% per year. The notes will mature on 1 December 2027, unless earlier repurchased, redeemed or converted.

At 1145 GMT, the shares were down 13.6% at 729.40p.

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