Carnival PLC (LON:CCL, NYSE:CUK) has upped its proposed recapitalisation to US$6.25bn but cut the proposed equity element to US$500mln from US$1.25bn.
The cruise operating colossus upped its debt issue to US$5.75bn from the US£4.75bn initially announced two days earlier.
The new cash is intended to be used for “general corporate purposes”, with the FTSE 100-listed group having earlier said it was looking to “preserve financial flexibility” amid the coronavirus pandemic.
It has had to cancel all its North American cruise lines for at least a month and moored its Princess Cruise lines for at least 60 days because of government lockdowns and an understandable drop in global demand for cruises and other holidays due to the spread of coronavirus.
A number of Carnival's Princess cruise liners have made headlines during the pandemic, with the Diamond Princess held in quarantine off Japan in Feburary, the Grand Princess denied entry to its home port of California last month and the Ruby Princess becoming one of Australia largest sources of coronavirus cases.