Carnival CFO Eyes Debt Markets to Ratchet Down Interest Costs
- Company is working to slash its $33.7 billion debt pile
- Viking Cruises raised $720 million in junk bonds Monday
Despite the increases in interest rates in recent quarters, Carnival’s financing costs have fallen, Bernstein said.
Photographer: Jeoffrey Guillemard/BloombergThis article is for subscribers only.
Cruise ship operator Carnival Corp. may sell debt to bring down its interest expense when the opportunity arises, Chief Financial Officer David Bernstein said in an interview.
“We’re always looking at opportunities,” Bernstein told Bloomberg on Tuesday, adding that the company’s efforts to reduce its $33.7 billion pile of debt don’t prevent it from refinancing at lower rates, he said.