Carnival Corporation needs $6 billion to recover from coronavirusChristian Fernsby ▼ | April 1, 2020
Carnival Corporation has sought to raise as much as $6 billion in new liquidity as the company battles the collapse in global travel following the coronavirus pandemic.
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Carnival has also commenced a public offering of $1.25 billion of shares of common stock, while underwriters are also being given an option to purchase up to $187.5 million of additional shares.
Shares in Carnival Corporation have fallen by around 75 per cent since mid-February, and are currently trading at US$13 each.
The corporation said it would use the net proceeds from the offering for “general corporate purposes”. ■