Carnival corporation & plc to issue notices of redemption for $1.2 billion of debt and announces pricing of $500 million 7.00% first-priority senior secured notes offering and upsizing and pricing of $1.3 billion senior secured first lien term loan b facility for other refinancing

Miami , aug. 1, 2023 /prnewswire/ -- carnival corporation & plc (nyse/lse: ccl; nyse: cuk) today announced that carnival corporation (the "company") will issue conditional notices of redemption for the entire outstanding principal amount of the $775 million 10.500% second-priority senior secured notes due 2026 (the "2026 usd second lien notes") and €425 million 10.125% second-priority senior secured notes due 2026 (the "2026 euro second lien notes") to be redeemed on august 11, 2023 and august 12, 2023, respectively. the company will use cash on hand to finance the redemptions and expects to save over $120 million in interest expense on an annualized basis.
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