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Carnival Corporation & plc Announces Pricing of $1.0 Billion 5.750% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction

  • Carnival Corporation & plc announced the pricing of $1.0 billion in 5.750% senior unsecured notes due 2030.
  • The proceeds will be used to redeem $1.0 billion of 10.500% senior unsecured notes due 2030, reducing annual interest expense by approximately $45 million.
  • The Notes Offering is expected to close on February 28, 2025, subject to customary closing conditions.
  • The Notes will be unsecured, will mature on March 15, 2030, and will pay interest semi-annually at a rate of 5.750% per year.
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Olean Times HeraldOlean Times Herald
+31 Reposted by 31 other sources

Carnival Corporation & plc Announces Pricing of $1.0 Billion 5.750% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction

Proceeds from the offering of senior unsecured notes to be used to redeem $1.0 billion 10.500% senior unsecured notes due 2030

·Olean, United States
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pressreach.compressreach.com

Carnival Corporation & plc Announces Pricing of $1.0 Billion 5.750% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction - PressReach

Proceeds from the offering of senior unsecured notes to be used to redeem $1.0 billion 10.500% senior unsecured notes due 2030  MIAMI, Feb. 18, 2025 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the “Company”) priced its private offering (the “Notes Offering”) of $1.0 billion aggregate principal amount of 5.750% senior unsecured notes due 2030 (the “Notes”). The Company expects to…

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TradeWinds | Latest shipping and maritime newsTradeWinds | Latest shipping and maritime news

Cruise giant Carnival Corp eyes $1bn notes issue to refinance debt

New notes on better terms will replace paper coming due at the end of the decade

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seatrade-cruise.comseatrade-cruise.com

Carnival plans to redeem higher-cost debt after $1b notes offering

The cruise giant continues its refinancing to reduce interest expense.

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seatrade-cruise.com broke the news in on Tuesday, February 18, 2025.
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