High interest rate for $2.8bn loan to Carnival

Capt. John

The financial implications for the major cruise companies continue to look onerous. Carnival Cruise Line will pay 7.5% on top of interbank rates to borrow $2.8bn, needed to shore up its cash position amid the Covid-19 pandemic. The senior secured term loans consists of two tranches of $1.86bn and...

https://insurancemarinenews.com/insurance-marine-news/high-interest-rate-for-2-8bn-loan-to-carnival/

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