The company said it priced a private offering of $3.0 billion in senior unsecured notes due 2032 at 5.750% on July 7, 2025. It said the offering size was increased to $3.0 billion.

1. 01

   The company said it priced a private offering of $3.0 billion in senior unsecured notes due 2032 at 5.750% on July 7, 2025. It said the offering size was increased to $3.0 billion.

2. 02

   Carnival said it plans to use the offering proceeds to fully repay borrowings under its senior secured term loan facility due 2028, and to use the remaining net proceeds, together with cash on hand, to redeem $2.4 billion of its 5.750% senior unsecured notes due 2027.

3. 03

   The company said it issued a conditional notice of redemption for $2.4 billion of its unsecured notes due 2027, with the redemption date set for July 17, 2025. It said the redemption price will equal 100.0% of principal plus a make-whole premium and accrued and unpaid interest. The redemption is conditioned on the closing of the offering.

4. 04

   Carnival said the new notes mature on August 1, 2032 and pay interest at 5.75% per year, semi-annually on February 1 and August 1. The company expects the offering to close on July 16, 2025. It also said its senior secured debt after the transaction will be $3.1 billion.

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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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