The company said it closed the Notes Offering on February 7, 2025 of $2.0 billion in 6.125% senior unsecured notes due 2033. The notes mature on February 15, 2033.

1. 01

   The company said it closed the Notes Offering on February 7, 2025 of $2.0 billion in 6.125% senior unsecured notes due 2033. The notes mature on February 15, 2033.

2. 02

   The company said it used the net proceeds from the Notes Offering, together with cash on hand, to redeem $2.03 billion of 10.375% senior priority notes due 2028 issued by Carnival Holdings (Bermuda) Limited.

3. 03

   Carnival said it expects the transaction to reduce net annual interest expense by more than $80 million. The notes bear interest at 6.125% per year, payable semi-annually in arrears from August 15, 2025 and on February 15 and August 15.

4. 04

   The company said the notes are guaranteed on an unsecured basis by Carnival plc and certain subsidiaries. Before February 15, 2028, the company may redeem the notes at a make-whole premium plus accrued interest. Upon a specified change of control triggering event, it must offer to repurchase the notes at 101% of principal.

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Original filing

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