4hunters Posted August 14, 2020 #1 Share Posted August 14, 2020 Does this mean that they’re borrowing more money this soon after their recent offerings? I don’t claim to be a savvy investor, just have my decent 401k, so maybe I’m missing something: https://apple.news/ABx68I5OyTC-uI2bdOtXjnQ Link to comment Share on other sites More sharing options...
4hunters Posted August 14, 2020 Author #2 Share Posted August 14, 2020 Please educate me if I’m misunderstanding this article. Thanks 👍🏻 Link to comment Share on other sites More sharing options...
4hunters Posted August 14, 2020 Author #3 Share Posted August 14, 2020 (edited) https://www.prnewswire.com/news-releases/carnival-corporation--plc-announces-pricing-of-900-million-second-priority-senior-secured-notes-due-2027-301112697.html Hopefully this works. Edited August 14, 2020 by 4hunters Link to comment Share on other sites More sharing options...
john91498 Posted August 14, 2020 #4 Share Posted August 14, 2020 Yeah, they are. Link to comment Share on other sites More sharing options...
EscapeFromConnecticut Posted August 15, 2020 #5 Share Posted August 15, 2020 No worries - Donald & Duffy earn Skymiles for every extra dollar on Carnival's Amex card. Truly, the thing about racking up gigundo debt during a devastating recession & massive industrywide contraction is: what could possibly go wrong? Link to comment Share on other sites More sharing options...
Rare BlerkOne Posted August 15, 2020 #6 Share Posted August 15, 2020 5 minutes ago, EscapeFromConnecticut said: No worries - Donald & Duffy earn Skymiles for every extra dollar on Carnival's Amex card. Truly, the thing about racking up gigundo debt during a devastating recession & massive industrywide contraction is: what could possibly go wrong? Borrowing at lower interest rates to pay off higher interest rate loans makes sense to me. Link to comment Share on other sites More sharing options...
Moviela Posted August 15, 2020 #7 Share Posted August 15, 2020 As a public company Carnival LLC and PLC must disclose to anyone who might invest in the company details of a material change in the companies financial position. This offering gives the company pocket money to restart suspended operations. These 6 year notes will reward the investor a fat 9 7/8%. The catch is these are only for members of the Billionaire Boys Club. The notes will not be registered and can only be bought by well healed institutional investors. A rather select domestic few, and while offered internationally, no American investor may subscribe. I would expect that all the notes have been sold prior to the announcement, and it appears as a matter of record only. Link to comment Share on other sites More sharing options...
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