debt
confidence high
sentiment positive
materiality 0.65
Carnival prices $1.25B 5.125% notes to redeem $2.0B 6.000% notes due 2029
CARNIVAL PLC
- Priced $1.25B aggregate principal of 5.125% senior unsecured notes due 2029.
- Proceeds plus cash to redeem $2.0B of 6.000% senior unsecured notes due 2029.
- Transaction expected to close Oct 15, 2025; reduces interest expense.
- Notes will have investment grade-style covenants; guaranteed by Carnival plc and certain subs.
- Coupon 5.125% paid semi-annually starting May 1, 2026; maturity May 1, 2029.