Carnival Closes $1.25 Billion Senior Notes Offering

Carnival ( (CCL) ) has provided an update.

On October 15, 2025, Carnival Corporation closed its private offering of $1.25 billion in senior unsecured notes due 2029, with a 5.125% interest rate. The proceeds, along with cash on hand, will be used to redeem $2 billion of its 6.000% senior unsecured notes due 2029, as part of its strategy to reduce interest expenses. This move is expected to impact the company’s financial structure by lowering its interest obligations and potentially improving its market positioning.

The most recent analyst rating on (CCL) stock is a Buy with a $40.00 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 financial recovery and positive earnings call are the most significant factors driving its score. While technical indicators suggest short-term weakness, the company’s improved leverage and strategic initiatives provide a solid foundation for future growth. High leverage remains a risk, but the overall outlook is positive.

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

More about Carnival

Carnival Corporation & plc is the largest global cruise company and one of the largest leisure travel companies, with a portfolio of world-class cruise lines including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn.

Average Trading Volume: 19,622,292

Technical Sentiment Signal: Buy

Current Market Cap: $36.53B

For detailed information about CCL stock, go to TipRanks’ Stock Analysis page.