WILL CARNIVAL GOING BANKRUPT? 12% INT FOR $6B BOND OFFERING TODAY

WILL CARNIVAL GOING BANKRUPT? 12% INT FOR $6B BOND OFFERING TODAY Carnival Corporation is raising fresh cash to survive the downturn by issuing a combination of bonds, notes and shares in the company. The plan was to raise $6 Billion. $3 Billion of it was to be issued via a bond. Bankers for the company Bank of America, JP Morgan and Goldman Sachs have told the company that they can get up to $10 Billion but the interest rate will be 12%. Carnival has accepted $4 Billion and it looks like the company will raise $7 Billion today to add to their $3 Billion on hand. The company uses about $1 Billion per month to pay it's costs but layoffs and idling it's ships will cut that cost down. As of now it is expected that this amount of cash on hand will keep the company afloat for about 1 year. #carnivalcruiselines #carnivalcorporation #travellingwithbruce



Join me and the TWB Family on our first ever group cruise on the Harmony of the Seas from Dec 6th 2020 to Dec 13th. We leave Port Canaveral and visit Coco Cay, St Thomas and St Kitts on a relaxing 7 day cruise. Visit the link below for all the details.
https://www.ambrentravel.com/travelling-with-bruce

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