debt
confidence high
sentiment positive
materiality 0.65
Carnival prices $2.0B 6.125% notes due 2033; to redeem $2.03B 10.375% senior notes due 2028
CARNIVAL PLC
- $2.0B aggregate principal of 6.125% senior unsecured notes due 2033 priced.
- Proceeds plus cash on hand to redeem $2.03B 10.375% senior priority notes due 2028.
- Expected to reduce net annual interest expense by over $80 million.
- Closing expected Feb 7, 2025; indenture to have investment grade-style covenants.