CARNIVAL PLC (CUK): debt financing — Carnival secures $4.5B revolver, up 50% from prior facility, maturing June 2030

CARNIVAL PLC

New $4.5B multi-currency revolver replaces existing $1.9B + €0.9B + £0.1B facility.
Accordion feature allows up to $1.0B in additional commitments.
CFO says the upsize enhances liquidity and accelerates debt reduction efforts.
Revolver is unsecured, guaranteed by same subsidiaries backing senior secured term loans.
JPMorgan Chase Bank acts as administrative agent; matures June 13, 2030.

item 1.01 item 2.03 item 1.02 item 7.01 item 9.01

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 revolving credit of $4.5 billion with JPMorgan Chase Bank, N.A., as administrative agent and a syndicate of financial institutions at term SOFR, EURIBOR, or daily SONIA, as applicable, plus a margin based on the lo maturing June 13, 2030.

Instrument: revolving credit
Principal: $4.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and a syndicate of financial institutions
Rate: term SOFR, EURIBOR, or daily SONIA, as applicable, plus a margin based on the lo
Maturity: June 13, 2030
Event: incurrence

Exact text from the filing

On June 13, 2025, Carnival Corporation and Carnival plc, each as a borrower, entered into a new $4.5 billion multi-currency revolving credit agreement (the “New Revolver”) with a syndicate of financial institutions (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0000950142-25-001611

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