The company said it closed on May 21, 2025 its previously announced private offering of $1.0 billion in 5.875% senior unsecured notes due 2031. The notes will mature on June 15, 2031.

1. 01

   The company said it closed on May 21, 2025 its previously announced private offering of $1.0 billion in 5.875% senior unsecured notes due 2031. The notes will mature on June 15, 2031.

2. 02

   The company said it will use the net proceeds to redeem $993 million of 7.625% senior unsecured notes due 2026, with the redemption to occur on May 22, 2025. It said the condition to the redemption was satisfied upon closing of the offering.

3. 03

   Carnival said the notes bear interest at 5.875% per year and pay semi-annually in arrears on June 15 and December 15, starting on December 15, 2025. Before March 15, 2031, it may redeem the notes at a price of 100% of principal plus a make-whole premium and accrued and unpaid interest. On or after that date, it may redeem them at 100% of principal plus accrued and unpaid interest.

4. 04

   The company said the transaction, together with the partial redemption of $350 million of its 2026 Unsecured Notes earlier this year, is expected to reduce net interest expense by more than $20 million through the maturity date of the 2026 Unsecured Notes. It also said the notes are guaranteed on a senior unsecured basis by Carnival plc and certain subsidiaries, and that the indenture contains investment grade-style covenants.

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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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