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Carnival PLC (CCL)
ORD USD 1.66This share can be held in a Dealing accountStocks and shares ISALifetime ISAJISASIPPand can be used with Regular investment and Dividend reinvestment
IN BRIEF: Carnival reprices loans to create USD18 million in savings
Carnival PLC - Florida, US-based cruise ship operator - Closes its repricing of about USD700 million of term loans under its first-priority senior secured term loan facility maturing in 2025. Also closes repricing of about USD1.75 billion of term loans under its first-priority senior secured term loan facility maturing in 2028. Says the decision represents the continuation of its ongoing interest expense reduction process. Expects repricing to result in interest expense savings of around USD18 million annually. Adds that the repriced loans have a yearly interest rate equal to SOFR, with a 0.75% floor and a margin of 2.0%.
Current stock price: 1,780.50 pence, up 1.0% on Tuesday afternoon in London
12-month change: up 50%
By Christopher Ward, Alliance News reporter
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