Carnival corporation & plc announces the redemption of existing $2.03 billion senior priority notes and launch of new senior unsecured notes offering for interest expense reduction

Miami , jan. 28, 2025 /prnewswire/ -- 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 $2.0 billion, expected to mature in 2033 (the "notes"), to refinance the $2.03 billion 10.375% senior priority notes due 2028 (the "senior priority notes") of carnival holdings (bermuda) limited ("carnival bermuda"), expecting to reduce interest expense, simplify its capital structure and manage its future debt maturities. in addition, the indenture that will govern the notes is expected to have investment grade-style covenants.
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