Carnival prices $1.0B 5.750% notes due 2030 to refinance 10.500% notes, saving ~$45M/yr interest

CARNIVAL PLC

Priced private offering of $1.0B aggregate principal of 5.750% senior unsecured notes due March 15, 2030.
Net proceeds, with cash on hand, to redeem existing $1.0B 10.500% senior unsecured notes due 2030.
Expected net annual interest savings of approximately $45 million from the refinancing.
Notes will have investment grade-style covenants; interest payable semi-annually starting Sep 15, 2025.
Offering is private, exempt from registration, and expected to close on February 28, 2025.

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