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 /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 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.
CUK Ratings Summary
CUK Quant Ranking