Carnival pays the price for missing the boat

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Carnival pays the price for missing the boat

William Hoffman's avatar
  1. William Hoffman
5 min read

Carnival Cruise Line may have bounced back from the pandemic, but when it hit the market today to tackle looming maturities, it still wound up paying an interest rate similar to debt it issued at the height of the Covid crisis when its ships were docked.

In some ways, it’s a case of better late than never: bankers have been trying to convince Carnival to get ahead of rising funding costs for months, and it has finally done so.

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