Business
Carnival Corporation & plc Announces Closing of $1.25 Billion 5.125% Senior Unsecured Notes Offering
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") has closed its previously announced private offering (the "Notes Offering") of $1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 (the "Notes").
About this update from Carnival Corporation Ltd.
[{"type":"text","content":"Proceeds from the offering of senior unsecured notes, together with cash on hand, to be used to redeem all of the outstanding 6.000% senior unsecured notes due 2029","length":164,"tagName":"p"},{"type":"text","content":"MIAMI, Oct. 15, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") has closed its previously announced private offering (the "Notes Offering") of $1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 (the "Notes").","length":364,"tagName":"p"},{"type":"text","content":"On October 15, 2025, the Company issued a notice of redemption for all of the $2.0 billion aggregate principal amount of its 6.000% senior unsecured notes due 2029 (the "2029 Unsecured Notes") to be redeemed on November 1, 2025 (the "Redemption Date") at a redemption price equal to 101.500% of the principal amount of the 2029 Unsecured Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date. The Company will fund the redemption using the proceeds from the Notes Offering and cash on hand. The Notes Offering and the redemption of the 2029 Unsecured Notes are a continuation of the Company's strategy to reduce interest expense.","length":693,"tagName":"p"},{"type":"text","content":"The Notes will pay interest semi-annually on May 1 and November 1 of each year, beginning on May 1, 2026, at a rate of 5.125% per year. The Notes will be unsecured and will mature on May 1, 2029. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by Carnival plc and certain of the Company's and Carnival plc's subsidiaries that also guarantee our first-priority secured indebtedness, certain of our other unsecured notes and our convertible notes. The indenture that governs the Notes has investment grade-style covenants.","length":587,"tagName":"p"},{"type":"text","content":"This press release does not constitute a notice of redemption with respect to the 2029 Unsecured Notes.","length":103,"tagName":"p"},{"type":"text","content":"The Notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Se...