MightyQuinn Posted March 31, 2020 #1 Share Posted March 31, 2020 In an SEC filing today, CCL announced refinancing plans which include a common stock underwriting, the issuance of secured and convertible notes and the suspension of dividends. Can the elimination of OBC be far behind?The Company is further announcing today that because of the Company’s liquidity management and the dividend restrictions in the indenture governing the Secured Notes, the Company is suspending the payment of dividends on the common stock of Carnival Corporation and the ordinary shares of Carnival plc. https://www.carnivalcorp.com/static-files/a812ad39-01f8-4b7d-8075-a4887b776e9d Link to comment Share on other sites More sharing options...
Paulchili Posted March 31, 2020 #2 Share Posted March 31, 2020 15 minutes ago, MightyQuinn said: Can the elimination of OBC be far behind? Can Chapter 11 be far behind? Link to comment Share on other sites More sharing options...
dalliowner Posted April 1, 2020 #3 Share Posted April 1, 2020 It is understandable , with reduced income . The banks in the UK have been asked not to pay dividends and also to suspend bonuses to senior staff whilst this emergency is on. Link to comment Share on other sites More sharing options...
jdk-atlga Posted April 2, 2020 #4 Share Posted April 2, 2020 That said, I do wonder about the ongoing viability of SB and what to do/plan for the future. As a stockholder who purchased for both the dividends and OBC arrangement, I can see a financial place for Carnival Corp to consolidate lines and/or sell off divisions. I can even speculate that SB could be sold to another line (Viking or Disney would be Potential good fits To top off their offerings). Please feel free to throw this bit of my nonsense into the compost heap.. Link to comment Share on other sites More sharing options...
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