Carnival closes $1B 5.875% notes offering, redeems $993M 7.625% notes due 2026

CARNIVAL PLC

Closed $1.0B aggregate principal amount of 5.875% senior unsecured notes due June 15, 2031.
Net proceeds used to redeem $993M of 7.625% senior notes due 2026; redemption occurs May 22, 2025.
Expects over $20M net interest expense reduction through scheduled maturity of the 2026 notes.
Earlier in 2025 partially redeemed $350M of the 2026 notes as part of ongoing liability management.
Notes governed by indenture with investment grade-style covenants.

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