---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-002122"
form_type: "8-K"
ticker: "CUK"
cik: "0001125259"
company_name: "CARNIVAL PLC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:33:40.728290+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Carnival issues $500M 7% notes, upsizes term loan to $1.3B; redeems $1.2B of 10%+ debt

## Summary
- Priced $500M aggregate 7.00% first-priority senior secured notes due 2029.
- Upsized and syndicated new $1.3B senior secured first lien term loan B at SOFR+3% (0.75% floor), maturing 2027.
- Will redeem $775M of 10.500% USD notes (Aug 11) and €425M of 10.125% Euro notes (Aug 12) using cash on hand.
- Refinancing is expected to save over $120 million in annual interest expense.
- Transactions expected to close Aug 8, 2023; proceeds repay existing 2025 term loan.

## SEC filing metadata
- accession: 0000950142-23-002122
- form_type: 8-K
- ticker: CUK
- cik: 0001125259
- company_name: CARNIVAL PLC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1125259/000095014223002122/0000950142-23-002122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/815097/000095014223002122/eh230387788_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-002122
- JSON: https://secwatch.observer/filing/0000950142-23-002122.json
- Plain text: https://secwatch.observer/filing/0000950142-23-002122.txt

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