CARNIVAL PLC (CUK): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

CARNIVAL PLC incurred senior notes of $1.0 billion with Qualified Institutional Buyers and non-U.S. investors in Rule 144A/Reg S offering at 5.875% per annum maturing June 15, 2031.

Instrument: senior notes
Principal: $1.0 billion
Counterparty: Qualified Institutional Buyers and non-U.S. investors in Rule 144A/Reg S offering
Rate: 5.875% per annum
Maturity: June 15, 2031
Event: incurrence

Exact text from the filing

On May 21, 2025, Carnival Corporation (the “Company”) closed its previously announced private offering (the “Notes Offering”) of $1.0 billion aggregate principal amount of 5.875% senior unsecured notes due 2031 (the “Notes”).

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Source: SEC EDGAR

accession 0000950142-25-001443

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