Carnival Raises Cash By Issuing Stock and Taking on More Debt

Facing an extended pause on all global cruise operations, Carnival (NYSE: CCL) is taking aggressive steps to shore up its cash position.

The leading cruise giant said on Tuesday that it is issuing $1.25 billion of stock while also taking on nearly $5 billion of additional debt. The new liabilities will be due in 2023.

Image source: Getty Images.

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Source Fool.com