Business
CCL Announce Marketing of Term Loan for a Refin...
CCL Announce Marketing of Term Loan for a Refin....
About this update from Carnival Plc
[{"type":"text","content":"\n \n Carnival Corporation and Carnival plc Announce Marketing of Term Loan Facility for Refinancing Transaction\n MIAMI (October 4, 2021) – Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announce that its joint Current Report on Form 8-K was filed with the U.S. Securities and Exchange Commission on October 4, 2021. As described in the joint Current Report on Form 8-K, on October 4, 2021, Carnival Corporation (the “Company”) announced that it intends to commence the marketing of a first-priority senior secured term loan facility (the “Term Loan Facility”) with an original principal amount of $1.5 billion maturing in 2028.\n The Company intends to use the proceeds from the Term Loan Facility to redeem a portion of the Company’s 11.500% First Priority Senior Secured Notes due 2023 (the “2023 Notes”), including related accrued interest, fees and expenses. This disclosure does not constitute a notice of redemption with respect to the 2023 Notes.\n PJT Partners is serving as independent financial advisor to the Company.\n A copy of the joint Current Report on Form 8-K is also available on the Carnival Corporation & plc website at www.carnivalcorp.com or www.carnivalplc.com.\n Forward Looking Statements\n Some of the statements, estimates or projections contained in this document are “forward-looking statements” that involve risks, uncertainties and assumptions with respect to us, including some statements concerning the financing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows, liquidity and other events which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like “will,” “may,” “could,” “should,” “would,” “believe,” “depends,” “expect,” “goal,” “anticipate,” “forecast,” “project,” “future,...