Carnival corporation & plc announces the redemption of existing $1.0 billion 10.500% senior unsecured notes due 2030 and launch of new senior unsecured notes offering for interest expense reduction

Miami , feb. 18, 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 $1.0 billion, expected to mature in 2030 (the "notes"), to refinance the company's $1.0 billion 10.500% senior unsecured notes due 2030 (the "2030 unsecured notes"), expecting to reduce interest expense. in addition, the indenture that will govern the notes is expected to have investment grade-style covenants.
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