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Carnival Corporation & plc Announces the Rede...
Carnival Corporation & plc Announces the Rede....
About this update from Carnival Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n Carnival Corporation & plc Announces the Redemption of Existing $993 Million 7.625% Senior Unsecured Notes due 2026 and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction MIAMI, May 12, 2025 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the \"Company\") commenced a private offering (the \"Notes Offering\") of new senior unsecured notes in an aggregate principal amount of $1.0 billion, expected to mature in 2031 (the \"Notes\"), to refinance the Company's $993 million 7.625% senior unsecured notes due 2026 (the \"2026 Unsecured Notes\"), expecting to reduce interest expense and manage its future debt maturities. In addition, the indenture that will govern the Notes is expected to have investment grade-style covenants.The Company issued a conditional notice of redemption for the entire outstanding principal amount of the 2026 Unsecured Notes to be redeemed on or about May 22, 2025, at a redemption price equal to 100.0% of the principal amount of the 2026 Unsecured Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. The Company expects to fund the redemption using the net proceeds from the Notes Offering. The redemption is conditioned on the closing of the Notes Offering.This press release does not constitute a notice of redemption with respect to the 2026 Unsecured Notes.The Notes will be 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.The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.This press release shall not constitute an offer to sell or the solicitation of an offer to purchase the Notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offering, solicitation or sale would be unlawful.About Carnival Corporation & plcCarnival Corporation & p...