Carnival corporation & plc announces closing of $1.0 billion 5.750% senior unsecured notes offering for refinancing and interest expense reduction

Transaction included redemption of $1.0 billion 10.500% senior unsecured notes miami , feb. 28, 2025 /prnewswire/ -- carnival corporation & plc (nyse/lse: ccl; nyse: cuk) today announced that carnival corporation (the "company") has closed its previously announced private offering (the "notes offering") of $1.0 billion aggregate principal amount of 5.750% senior unsecured notes due 2030 (the "notes"). the company used the net proceeds from the notes offering, together with cash on hand, to redeem the company's $1.0 billion 10.500% senior unsecured notes due 2030 (the "2030 unsecured notes"), resulting in a reduction in interest expense of over 4.5%.
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