CARNIVAL PLC (CUK): debt financing — Carnival issues $1B 5.75% notes due 2030, redeems $1B 10.5% notes, cuts annual interest cost ~$45M

CARNIVAL PLC

Issued $1.0B 5.750% senior unsecured notes due 2030 in private offering.
Used net proceeds plus cash to redeem $1.0B 10.500% notes due 2030.
Expected annual interest expense reduction of ~$45 million (over 4.5%).
Notes have investment grade-style covenants; interest payable semi-annually starting Sept 2025.
Guaranteed by Carnival plc and certain subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CARNIVAL PLC incurred senior notes of $1.0 billion with U.S. Bank Trust Company, National Association at 5.750% maturing March 15, 2030.

Instrument: senior notes
Principal: $1.0 billion
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.750%
Maturity: March 15, 2030
Event: incurrence

Exact text from the filing

closed its previously announced private offering (the “Notes Offering”) of $1.0 billion aggregate principal amount of 5.750% senior unsecured notes due 2030

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CARNIVAL PLC filing history →

Source: SEC EDGAR

accession 0000950142-25-000567

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