The company said Carnival Corporation began a private offering of new senior unsecured notes in an aggregate principal amount of $2.0 billion, expected to mature in 2032, on July 7, 2025.

1. 01

   The company said Carnival Corporation began a private offering of new senior unsecured notes in an aggregate principal amount of $2.0 billion, expected to mature in 2032, on July 7, 2025.

2. 02

   The company said it will use the proceeds to fully repay borrowings under the first-priority senior secured term loan facility maturing in 2028, and that it expects this to help it manage future debt maturities and reduce secured debt.

3. 03

   The company said it plans to use the remaining proceeds and cash on hand to partially redeem its 5.750% senior unsecured notes due 2027, and that if the final size of the offering is $2.0 billion, it expects to redeem $1.4 billion.

4. 04

   The company said the partial redemption is conditioned on the closing of the offering and that the redemption amount may change based on factors such as the final size of the offering. The notes will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, and they will not be registered under the Securities Act.

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Original filing

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