CARNIVAL PLC (CUK): debt financing — Carnival plc closes €1.0B 4.125% senior unsecured notes; to repay secured term loans

CARNIVAL PLC

€1.0 billion aggregate principal of 4.125% senior unsecured notes due July 15, 2031.
Proceeds to fully repay 2027 term loan and partially repay 2028 term loan.
Prepayment of $450M on the 2027 facility on June 27, 2025, also noted.
CFO states the company is 'one notch away from an investment grade credit rating.'
Notes have investment grade-style covenants; unsecured, guaranteed by Carnival Corp 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 0.99

CARNIVAL PLC incurred senior notes of €1.0 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 4.125% per year maturing July 15, 2031.

Instrument: senior notes
Principal: €1.0 billion aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.125% per year
Maturity: July 15, 2031
Event: incurrence

Exact text from the filing

On July 7, 2025, Carnival plc (the “Company”) closed its previously announced private offering (the “Notes Offering”) of €1.0 billion aggregate principal amount of 4.125% senior unsecured notes due 2031 (the “Notes”).

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Source: SEC EDGAR

accession 0000950142-25-001844

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