Carnival corporation & plc announces pricing of €500 million 5.75% senior unsecured notes offering for refinancing and interest expense reduction and successful repricing of senior secured first lien term loan b facilities for interest expense and debt reduction

Proceeds from the offering of senior unsecured notes and cash on hand to be used to redeem €500 million 7.625% senior unsecured notes due 2026; cash on hand to repay $800 million of the term loan facilities miami , april 19, 2024 /prnewswire/ -- carnival corporation & plc (nyse/lse: ccl; nyse: cuk) today announced that carnival corporation (the "company") priced its private offering (the "notes offering") of €500 million aggregate principal amount of 5.75% senior unsecured notes due 2030 (the "notes"). the company expects to use the net proceeds from the notes offering, together with cash on hand, to redeem its €500 million 7.625% senior unsecured notes due 2026 (the "2026 euro unsecured notes"), resulting in a reduction in interest expense on this outstanding debt of nearly 2%.
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