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Carnival Announces Redemption of Convertible Senior Notes

Story Highlights
  • Carnival announced redemption of its 5.75% convertible notes due 2027 on September 29, 2025.
  • Carnival achieved record financial results in Q3 2025, raising its full-year outlook for the third time.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Carnival Announces Redemption of Convertible Senior Notes

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Carnival ( (CCL) ) just unveiled an update.

On September 29, 2025, Carnival Corporation announced a notice of redemption for its outstanding 5.75% convertible senior notes due 2027, as part of its strategy to deleverage and reduce interest expenses. The redemption is set for December 5, 2025, allowing note holders to convert their notes into shares before the redemption date. In the third quarter of 2025, Carnival achieved record financial results with a net income of $1.9 billion and adjusted net income of $2 billion, surpassing previous guidance. The company also raised its full-year 2025 outlook for the third time, citing strong demand and effective cost management. Carnival’s refinancing strategy has significantly reduced its debt, and the company continues to strengthen its balance sheet and financial flexibility.

The most recent analyst rating on (CCL) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Carnival stock, see the CCL Stock Forecast page.

Spark’s Take on CCL Stock

According to Spark, TipRanks’ AI Analyst, CCL is a Outperform.

Carnival’s strong earnings performance and technical momentum are the most significant factors driving its stock score. The company’s strategic initiatives and successful refinancing efforts further support a positive outlook. However, high leverage and potential overbought technical indicators pose risks that need monitoring.

To see Spark’s full report on CCL stock, click here.

More about Carnival

Carnival Corporation & plc operates in the cruise industry, offering cruise vacations to various destinations worldwide. The company is known for its extensive portfolio of world-class cruise brands, including Carnival Cruise Line, Princess Cruises, and Holland America Line, among others. It focuses on providing exceptional vacation experiences, with a strong market presence in North America and Europe.

Average Trading Volume: 19,148,196

Technical Sentiment Signal: Buy

Current Market Cap: $39.75B

See more insights into CCL stock on TipRanks’ Stock Analysis page.

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