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CCL / Carnival to save $120 mln a year by retiring $1.2 bln in ‘high-cost' debt

Carnival to save $120 mln a year by retiring $1.2 bln in ‘high-cost' debt
Carnival Corp. CCL, +1.48% stock was up 1.1% in premarket trades after the cruise operator said it would retire $1.2 billion of its highest-cost debt, “given the confidence we have in our business and its cash flow generation.” The move will save Carnival about $120 million a year in interest expense. Read More
Posted: Jul 31 2023, 07:46
Author Name: Market Watch
Views: 092052

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