Carnival Wants to Add Even More Debt to Its Already Massive Debt Load
Like the ballast that can stabilize a ship, debt can help a company sail smoothly through rough waters. But too much of either and both ship and company can capsize.
Cruise ship operator Carnival (NYSE: CCL) is trying to thread the needle between having too much debt and just enough to stay afloat during the pandemic until its ships can leave port again.
Bloomberg reports Carnival is cruising back into the debt markets, looking to add another billion dollars to the $14.9 billion it already carries below decks, almost half of which was added just this year.
Source Fool.com
