---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-000539"
form_type: "8-K"
ticker: "CUK"
cik: "0001125259"
company_name: "CARNIVAL PLC"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T17:02:59.034576+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Carnival arranges new $2.1B forward starting revolver to replace existing facility in Aug 2024

## Summary
- New $2.1B multi-currency revolving credit facility effective Aug 6, 2024, replacing existing $2.9B revolver upon maturity.
- Initial term of one year with two mutual one-year extension options; accordion feature allows up to $2.9B total commitments.
- Interest rate based on term SOFR (USD), EURIBOR (EUR), or SONIA (GBP) plus margin tied to Carnival's credit ratings and emissions-linked adjustment.
- Three unencumbered vessels contributed to borrower; facility unsecured and guaranteed by Carnival Corp, Carnival plc, and certain subsidiaries.
- Co-coordinated by Bank of America, BNP Paribas, and JP Morgan; PJT Partners served as independent financial advisor.

## SEC filing metadata
- accession: 0000950142-23-000539
- form_type: 8-K
- ticker: CUK
- cik: 0001125259
- company_name: CARNIVAL PLC
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1125259/000095014223000539/0000950142-23-000539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/815097/000095014223000539/eh230334039_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-000539
- JSON: https://secwatch.observer/filing/0000950142-23-000539.json
- Plain text: https://secwatch.observer/filing/0000950142-23-000539.txt

## Key facts
- Debt Financings
  CARNIVAL PLC incurred revolving credit of $2.1 billion with J.P. Morgan SE as facilities agent at term SOFR ... plus a margin based on the long-term credit ratings of Carnival Co maturing August 6, 2025.
  - Instrument: revolving credit
  - Principal: $2.1 billion
  - Counterparty: J.P. Morgan SE as facilities agent
  - Rate: term SOFR ... plus a margin based on the long-term credit ratings of Carnival Co
  - Maturity: August 6, 2025
  - Event: incurrence
  source text: On February 28, 2023, Carnival Holdings (Bermuda) II Limited (the “Borrower”), a subsidiary of Carnival Corporation, entered into a new forward starting $2.1 billion multi-currency revolving credit agreement (the “ New Facility ”) with a syndicate of financial institutions (the “ Lenders ”) and J.P. Morgan SE as facilities agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1125259/000095014223000539/0000950142-23-000539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.