---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-001921"
form_type: "8-K"
ticker: "CUK"
cik: "0001125259"
company_name: "CARNIVAL PLC"
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:09:52.999788+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carnival closes $3.0B 5.75% note offering; redeems $2.4B 2027 notes, repays term loan

## Summary
- Issued $3.0B of 5.75% senior unsecured notes due 2032; interest payable semi-annually starting Feb 1, 2026.
- Proceeds to fully repay first-priority senior secured term loan due 2028 and redeem $2.4B of 5.750% notes due 2027.
- Redemption of 2027 notes occurs July 17 at par plus make-whole premium and accrued interest.
- CFO notes the company refinanced nearly $11B of debt in 2025, cut secured debt ~70% from Q4 2021 peak.
- Notes are unsecured with investment grade-style covenants; guaranteed by Carnival plc and certain subsidiaries.

## SEC filing metadata
- accession: 0000950142-25-001921
- form_type: 8-K
- ticker: CUK
- cik: 0001125259
- company_name: CARNIVAL PLC
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1125259/000095014225001921/0000950142-25-001921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/815097/000095014225001921/eh250653951_8k-closing.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-001921
- JSON: https://secwatch.observer/filing/0000950142-25-001921.json
- Plain text: https://secwatch.observer/filing/0000950142-25-001921.txt

## Key facts
- Debt Financings
  CARNIVAL PLC incurred senior notes of $3.0 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 5.75% per year maturing August 1, 2032.
  - Instrument: senior notes
  - Principal: $3.0 billion aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 5.75% per year
  - Maturity: August 1, 2032
  - Event: incurrence
  source text: On July 16, 2025, Carnival Corporation (the “Company”) closed its previously announced private offering (the “Notes Offering”) of $3.0 billion aggregate principal amount of 5.75% senior unsecured notes due 2032 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1125259/000095014225001921/0000950142-25-001921-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.