Carnival Corp has taken on nearly another $1bn in debt as it makes its way through the Covid-19 downturn.

The Arnold Donald-led owner of 90 ships has sold $900m in second-priority senior secured notes at 9.875% in a private offering.

The bonds, which are due in August 2027, will pay interest semi-annually on 1 February and 1 August of each year, beginning on 1 February 2021 at a rate of 9.875%