Carnival Corp has put itself into further debt to stay afloat during the unprecedented Covid-19 downturn.
The Arnold Donald-led cruise behemoth has priced a private offering at $775m in senior secured notes due in 2026 at 10.5%. A second offering of €425m ($485m) in secured notes, also due in 2026, priced at 10.125%. The offerings are expected to close on Monday.
