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Carnival Corporation & plc Announces Pricing 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") priced its 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 $2.0 billion of 6.000% senior unsecured notes due 2029","length":157,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, Sept. 30, 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 $1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 (the "Notes").","length":340,"tagName":"p"},{"type":"text","content":"The Company expects to use the proceeds from the Notes Offering, together with cash on hand, to redeem its $2.0 billion 6.000% senior unsecured notes due 2029 (the "2029 Unsecured Notes") after the closing of the Notes Offering.","length":238,"tagName":"p"},{"type":"text","content":"The transaction is a continuation of the Company's strategy to reduce interest expense. In addition, the indenture that will govern the Notes will have investment grade-style covenants.","length":189,"tagName":"p"},{"type":"text","content":"The Notes Offering is expected to close on October 15, 2025, subject to customary closing conditions.","length":101,"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 an 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.","length":505,"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 are being 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 "Securities Act"), and outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act.","length":313,"tag...