debt
confidence high
sentiment positive
materiality 0.65
Carnival launches $1.25B notes offering; to redeem $2B 6.000% notes due 2029
CARNIVAL PLC
- Private offering of $1.25B aggregate principal amount of new senior unsecured notes due 2029.
- Proceeds plus cash on hand will fully redeem $2.0B 6.000% senior unsecured notes due 2029.
- Expects to reduce interest expense; new indenture to have investment grade-style covenants.
- Offering limited to qualified institutional buyers (Rule 144A) and non-US investors (Reg S).