Shares of Carnival Corp. CCL, -5.72% plunged 11% in morning trading Monday, after the cruise operator said it was expanding the pause of its fleet operations to all brands globally, citing the COVID-19 pandemic. The company had previously announced pauses of its cruises by its continental Europe and North American brands. Separately, the company said it has notified its lenders that it will fully draw on its facility agreement, as it borrow about $3 billion under the agreement for six months in order to boost its cash position. "The corporation believes the ongoing effects of COVID-19 on its global bookings and operations will have a material negative impact on its financial results and liquidity," the company said in an 8-K filing with the Securities and Exchange Commission. "The corporation is taking additional actions to improve its liquidity, including capital expenditure and operating expense reductions, and pursuing additional financing." The stock has plummeted 63% over the past month, while the S&P 500 SPX, -1.11% has shed 27%.