Carnival prices $1.0B 5.875% notes due 2031; refinances $993M 7.625% notes due 2026

CARNIVAL PLC

$1.0B aggregate principal of 5.875% senior unsecured notes due 2031 priced.
Proceeds to redeem $993M of 7.625% senior unsecured notes due 2026.
Expected to reduce net annual interest expense by over $20M through 2026 maturity.
Notes have investment grade-style covenants; closing expected May 21, 2025.
Redemption of 2026 notes conditioned on offering close, expected May 22, 2025.

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