The company said it closed a private offering of senior unsecured notes due 2030 in the amount of €500 million and bearing 5.750% interest on April 25, 2024. Interest is payable annually in arrears on January 15, with the first payment on January 15, 2025.

1. 01

   The company said it closed a private offering of senior unsecured notes due 2030 in the amount of €500 million and bearing 5.750% interest on April 25, 2024. Interest is payable annually in arrears on January 15, with the first payment on January 15, 2025.

2. 02

   The company said it will 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), with the redemption set for April 26, 2024.

3. 03

   Carnival entered into Repricing Amendments for about $1 billion of senior secured term loans due 2027 and about $1.75 billion due 2028. The repriced loans bear interest at SOFR with a 0.75% floor plus a 2.75% margin.

4. 04

   The company said it made partial prepayments as part of the Repricing Transaction, of $500 million on the loans due 2028 and $300 million on the loans due 2027. It said it expects net interest expense to fall by more than $30 million for the remainder of 2024 and by more than $50 million on an annualized basis.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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