Carnival corporation & plc announces the redemption of existing €500 million notes and launch of new senior unsecured notes offering for interest expense reduction; launch of repricing of senior secured first lien term loan b facilities with partial repayment for debt and interest expense reduction

Miami , april 16, 2024 /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 €500 million, expected to mature in 2030 (the "notes") to refinance its €500 million 7.625% senior unsecured notes due 2026 (the "2026 euro unsecured notes"), expecting to reduce interest expense. the company issued a conditional notice of redemption for the entire outstanding principal amount of the 2026 euro unsecured notes to be redeemed on or about april 26, 2024 at a redemption price equal to 101.906% of the principal amount of the 2026 euro unsecured notes, plus accrued and unpaid interest.
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