|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||20.49 - 20.49|
|52 Week Range||9.75 - 30.00|
|Beta (5Y Monthly)||2.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb. 20, 2020|
|1y Target Est||N/A|
(Bloomberg) -- Carnival Corp. sold a junk bond Tuesday that was increased $2 billion, just over a week after the cash-burning cruise operator boosted the size of a leveraged loan deal that helped the company slash its borrowing costs.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyThe Biggest Public Graveyard in the U.S. Is Becoming a ParkGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightBeef Ind
Shares of Carnival Corporation (NYSE: CCL) fell 2.7% through 10:35 a.m. EDT trading Tuesday after the cruise company announced, after close of trading yesterday, that it has closed on a "previously announced incremental first-priority senior secured term loan facility in an aggregate principal amount of $2.3 billion." Investors are presumably reacting to the reminder that Carnival Corporation carries a lot of debt -- nearly $25 billion more than it has cash on hand -- and now seems to be taking on $2.3 billion more. As Carnival explained yesterday, the entire proceeds of its new loan will be used to redeem a batch of "11.500% First-Priority Senior Secured Notes due 2023."
Shares of Carnival (NYSE: CCL)(NYSE: CUK) fell by 2.3% in trading Monday as much of the travel industry seemed to react to a slowing Chinese economy and manufacturing data that was much worse than expected due to ongoing supply chain disruptions. Last week, Carnival announced that several of its Princess vessels would resume cruising early next year, beginning in February.