Covenants: Initial Thoughts on Carnival's Newly Announced 2L Note Issuance (July 14, 2020)
Octus Radio
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Intro
This chapter explores Carnival's announcement of $550 million in US dollar notes and €400 million in second lien notes, analyzing the implications of its debt agreements. It delves into concerns over cash burn, passenger refunds, and potential bankruptcy ramifications amidst ongoing pandemic challenges.
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