CARNIVAL

Carnival Corp. on Tuesday launched a private offering of $1.25 billion in new senior unsecured notes as it continues to overhaul its debt in a push to regain an investment-grade credit rating.

Carnival Corp. reported record third-quarter results and said it has refinanced over $12 billion in debt this year as it pushes to regain an investment-grade credit rating.

Carnival Corp. posted a record third-quarter profit and raised its full-year outlook for the third time, as strong demand and higher onboard spending propelled revenues to an all-time high.

Carnival said it priced an upsized $3 billion offering of senior unsecured notes as it continues to shift its debt structure away from secured borrowings.