Carnival Corp. this week raised $3.5 billion in a private offering a move that conveys optimism for the leisure travel industry, said Travel Leaders Group president John Lovell.
In an online chat with Carnival Corp. CEO Arnold Donald Wednesday, Lovell said that being able to make such a raise at “very favorable interest rates” without having to put up any assets was “good news.”
“Investors are very wise with their money and when they’re looking at making an investment,” Lovell said. “To put it in the travel industry, and especially the leisure travel industry, really speaks well for all of us and shows a light at end of this tunnel.”
Carnival said Tuesday it had closed the private offering of $3.5 billion of 5.75% senior unsecured notes,…