The company said it priced a private offering of $2.0 billion aggregate principal amount of 6.125% senior unsecured notes due 2033, with a day January 28, 2025.

8-KRegulation FD DisclosureFiled Jan 28, 2025Period of report Jan 28, 2025Summary published (UTC) Oct 16, 2026

Key points

AI summary

The company said it priced a private offering of $2.0 billion aggregate principal amount of 6.125% senior unsecured notes due 2033, with a day January 28, 2025.
The company said it plans to use the net proceeds and cash on hand to redeem the 2028 10.375% senior priority notes of Carnival Holdings (Bermuda) Limited, totaling $2.03 billion.
The company said it expects to reduce net annual interest expense by more than $80 million. It also said the indenture for the new notes is expected to have investment grade-style covenants.
The company said the offering is expected to close on February 7, 2025. It said the notes mature on February 15, 2033, pay interest at 6.125% per year semi-annually on February 15 and August 15, and first pay interest on August 15, 2025.

Summary

AI-written

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.

$2.0 billion 6.125% Senior Unsecured Notes Priced

The company said it priced a private offering of $2.0 billion aggregate principal amount of 6.125% senior unsecured notes due 2033, with a day January 28, 2025.

Source · Based on the filing body and exhibits

$2.03 billion 10.375% Senior Priority Notes to Be Redeemed

The company said it plans to use the net proceeds and cash on hand to redeem the 2028 10.375% senior priority notes of Carnival Holdings (Bermuda) Limited, totaling $2.03 billion.

Source · Based on the filing body and exhibits

Net Annual Interest Expense Expected to Fall by More Than $80 million

The company said it expects to reduce net annual interest expense by more than $80 million. It also said the indenture for the new notes is expected to have investment grade-style covenants.

Source · Based on the filing body and exhibits

Expected Closing Date and Interest Payment Terms

The company said the offering is expected to close on February 7, 2025. It said the notes mature on February 15, 2033, pay interest at 6.125% per year semi-annually on February 15 and August 15, and first pay interest on August 15, 2025.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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