Carnival Corp. followed through with its plan to issue a leveraged loan announced on Monday and upsized the deal to $1.3 billion from an original plan to issue $1 billion, the company said in a regulatory filing.
The cruise operator
CCL,
also issued $500 million of junk bonds that mature in 2029, all part of a plan to retire older, higher cost debt and reduce its interest costs by $120 million a year.
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