The company entered into Repricing Amendment No. 2 to its Term Loan Credit Agreement maturing in 2027 and Repricing Amendment No. 7 to its Term Loan Credit Agreement maturing in 2028, each with a date of January 13, 2025. JPMorgan Chase Bank, N.A. is the administrative agent under both agreements.

1. 01

   The company entered into Repricing Amendment No. 2 to its Term Loan Credit Agreement maturing in 2027 and Repricing Amendment No. 7 to its Term Loan Credit Agreement maturing in 2028, each with a date of January 13, 2025. JPMorgan Chase Bank, N.A. is the administrative agent under both agreements.

2. 02

   Carnival repriced about $700 million of first-priority senior secured term loans maturing in 2027 and about $1.75 billion of first-priority senior secured term loans maturing in 2028.

3. 03

   Carnival said the Repriced Loans maturing in 2027 and 2028 bear interest at a rate per annum equal to SOFR with a 0.75% floor, plus a margin of 2.00%.

4. 04

   Carnival said the rate reduction is expected to result in interest expense savings of about $18 million on an annualized basis. J.P. Morgan acted as lead arranger, joint bookrunner and sole global coordinator.

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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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