debt
confidence high
sentiment positive
materiality 0.60
Carnival calls $500M of 7% senior secured notes due 2029 for redemption on Aug 15 at 103.5%
Carnival Corp Ltd.
- Carnival issued notice to redeem all $500M of its 7.000% First-Priority Senior Secured Notes due 2029 on August 15, 2026.
- Redemption price is 103.50% of principal; accrued interest paid to holders of record July 31, 2026.
- Collateral securing the notes fell away on June 25, 2026 after Carnival received a second investment grade credit rating, making notes unsecured.
- Redemption follows upgrade to investment grade, reflecting improved credit profile.