CARNIVAL PLC: Carnival Corporation migrated its jurisdiction of incorporation from Panama to Bermuda and changed its name to Carnival Corporation Ltd., as part of the DLC Unification and Redomiciliation Transactions (effective 2026-05-07).
“In addition, Carnival Corporation also migrated its jurisdiction of incorporation from the Republic of Panama to Bermuda and changed its name to "Carnival Corporation Ltd." (the "Redomiciliation" and, together with the DLC Unification, the "DLC Unification and Redomiciliation Transactions").”
M&A Transactions
CARNIVAL PLC underwent a change of control involving Carnival Corporation Ltd. for each Carnival plc shareholder ... is entitled to receive one Common Share of Carnival Corporation Ltd. for each Carnival plc ordinary share held (closed 2026-05-07).
“On May 7, 2026, Carnival Corporation and Carnival plc completed the unification of their dual listed company structure under a single company, Carnival Corporation Ltd., with Carnival plc as a UK subsidiary of Carnival Corporation Ltd.”
Earnings Releases
CARNIVAL PLC reported first quarter 2026 results: revenue $6.2 billion, net income $258 million, EPS $0.19.
“Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the first quarter 2026 and provided an updated outlook. • D iluted EPS of $0.19 and adjusted EPS 1 of $0.20, up 50 percent compared to the prior year. • Record revenues 2 of $6.2 billion, gross margin yields up nearly 10 percent and record net yields 1,2 (in constant currency), outperforming guidance on strong close-in demand.”
Material Agreements
CARNIVAL PLC entered into Unification Agreement with Carnival Corporation (effective 2026-02-20).
“On February 20, 2026, Carnival Corporation and Carnival plc entered into a unification agreement (the “Unification Agreement”).”
Material Agreements
CARNIVAL PLC amended Amendment No. 1 with JP Morgan Chase Bank, N.A. (effective 2026-02-12).
“On February 12, 2026, Carnival plc, a public limited company organized under the laws of England and Wales (the “Company”), entered into Amendment No. 1 (the “Amendment”) to the Amended and Restated Deposit Agreement, dated as of April 21, 2003 (the “Deposit Agreement”), among the Company, JP Morgan Chase Bank, N.A., as Depositary (the “Depositary”), and all holders from time to time of American Depositary Receipts (“ADRs”) issued thereunder.”
Debt Financings
CARNIVAL PLC incurred senior notes of $1.25 billion with U.S. Bank Trust Company, National Association at 5.125% maturing May 1, 2029.
“On October 15, 2025, Carnival Corporation (the “Company”) closed its previously announced private offering (the “Notes Offering”) of $1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 (the “Notes”).”
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.
“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”).”
Debt Financings
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.
“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”).”
Debt Financings
CARNIVAL PLC incurred revolving credit of $4.5 billion with JPMorgan Chase Bank, N.A., as administrative agent and a syndicate of financial institutions at term SOFR, EURIBOR, or daily SONIA, as applicable, plus a margin based on the lo maturing June 13, 2030.
“On June 13, 2025, Carnival Corporation and Carnival plc, each as a borrower, entered into a new $4.5 billion multi-currency revolving credit agreement (the “New Revolver”) with a syndicate of financial institutions (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent.”
Sara Mathew departed as Director at CARNIVAL PLC.
“On January 9, 2025, Sara Mathew notified Carnival Corporation and Carnival plc (together, the “Company”) that she has made the decision not to stand for re-election at the 2025 Annual Meetings of Shareholders to allow her to focus on her other business ventures.”
Debt Financings
CARNIVAL PLC amended term loan of approximately $1.75 billion with JPMorgan Chase Bank, N.A. at SOFR with a 0.75% floor, plus a margin equal to 2.75% maturing 2028.
“The 2028 Repricing Amendment reprices approximately $1.75 billion of first-priority senior secured term loans maturing in 2028 (the “2028 Repriced Loans”) under the 2028 Term Loan Credit Agreement”
Debt Financings
CARNIVAL PLC amended term loan of approximately $1 billion with JPMorgan Chase Bank, N.A. at SOFR with a 0.75% floor, plus a margin equal to 2.75% maturing 2027.
“The 2027 Repricing Amendment reprices approximately $1 billion of first-priority senior secured term loans maturing in 2027 (the “2027 Repriced Loans”) under the 2027 Term Loan Credit Agreement”
Debt Financings
CARNIVAL PLC incurred senior notes of €500 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.750% per year maturing January 15, 2030.
“closed its previously announced private offering (the “Notes Offering”) of €500 million aggregate principal amount of 5.750% senior unsecured notes due 2030 (the “Notes”).”
Material Agreements
CARNIVAL PLC entered into Repricing Amendment No. 6 to the Term Loan Agreement dated as of June 30, 2020 with JPMorgan Chase Bank, N.A. valued at reprices approximately $1.75 billion of first-priority senior secured term loans maturing in 2028 to (effective 2024-04-25).
“(y) the Repricing Amendment No. 6 (the “2028 Repricing Amendment”, and together with the 2027 Repricing Amendment, the “Repricing Amendments”) to the Term Loan Agreement dated as of June 30, 2020 (the “2028 Term Loan Credit Agreement”), among the Company and Carnival Finance, LLC, as borrowers, Carnival plc, as a guarantor, certain other subsidiary guarantors party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.”
Material Agreements
CARNIVAL PLC entered into Repricing Amendment No. 1 to the Term Loan Agreement dated August 8, 2023 with JPMorgan Chase Bank, N.A. valued at reprices approximately $1 billion of first-priority senior secured term loans maturing in 2027 to be (effective 2024-04-25).
“On April 25, 2024, the Company entered into (x) the Repricing Amendment No. 1 (the “2027 Repricing Amendment”) to the Term Loan Agreement dated August 8, 2023 (the “2027 Term Loan Credit Agreement”), among the Company and Carnival Finance, LLC, as borrowers, Carnival plc, as a guarantor, certain other subsidiary guarantors party thereto, and JPMorgan Chase Bank, N.A., as administrative agent”
Material Agreements
CARNIVAL PLC entered into Indenture with U.S. Bank Trust Company, National Association valued at €500 million aggregate principal amount of 5.750% senior unsecured notes due 2030 (effective 2024-04-25).
“On April 25, 2024, Carnival Corporation (the “Company”) closed its previously announced private offering (the “Notes Offering”) of €500 million aggregate principal amount of 5.750% senior unsecured notes due 2030 (the “Notes”). The Notes were issued pursuant to an indenture, dated as of April 25, 2024 (the “Indenture”), among the Company, Carnival plc, the subsidiary guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee.”
Lars Ljoen changed role as Chief Maritime Officer at CARNIVAL PLC.
“Lars Ljoen, who is currently Chief Operations Officer of Carnival Cruise Line, will assume the role of Chief Maritime Officer of the Company effective February 1, 2025.”
William Burke changed role as Chief Maritime Officer at CARNIVAL PLC.
“William Burke, Chief Maritime Officer and a named executive officer of Carnival Corporation and Carnival plc (the “Company”), notified the Company that he is stepping down from this role effective February 1, 2025.”
Shareholder Votes
CARNIVAL PLC shareholders approved Approve the Carnival plc 2024 Employee Share Plan at the 2024-04-05 meeting.
“To approve the Carnival plc 2024 Employee Share Plan 622,388,403 13,228,941 1,150,909 201,653,034”
Shareholder Votes
CARNIVAL PLC shareholders approved Approve general authority for Carnival plc to buy back Carnival plc ordinary shares in the open market at the 2024-04-05 meeting.
“To approve a general authority for Carnival plc to buy back Carnival plc ordinary shares in the open market 827,543,713 6,395,976 4,481,598 0”
Shareholder Votes
CARNIVAL PLC shareholders approved Approve disapplication of pre-emption rights in relation to allotment of new shares and sale of treasury shares by Carnival plc at the 2024-04-05 meeting.
“To approve, subject to Proposal 18 passing, the disapplication of pre-emption rights in relation to the allotment of new shares and sale of treasury shares by Carnival plc 810,122,513 22,685,131 5,613,643 0”
Shareholder Votes
CARNIVAL PLC shareholders approved Approve authority for the allotment of new shares by Carnival plc at the 2024-04-05 meeting.
“To approve the giving of authority for the allotment of new shares by Carnival plc 785,855,016 48,028,425 4,537,846 0”
Shareholder Votes
CARNIVAL PLC shareholders approved Receive the accounts and reports of the Directors and auditor of Carnival plc for the year ended November 30, 2023 at the 2024-04-05 meeting.
“To receive the accounts and reports of the Directors and auditor of Carnival plc for the year ended November 30, 2023 827,165,577 2,812,738 8,442,972 0”
Shareholder Votes
CARNIVAL PLC shareholders approved Authorize the Audit Committee of Carnival plc to determine the remuneration of the independent auditor of Carnival plc at the 2024-04-05 meeting.
“To authorize the Audit Committee of Carnival plc to determine the remuneration of the independent auditor of Carnival plc 828,617,609 5,840,565 3,963,113 0”
Shareholder Votes
CARNIVAL PLC shareholders approved Appoint Deloitte LLP as independent auditor for Carnival plc and ratify selection of Deloitte & Touche LLP for Carnival Corporation at the 2024-04-05 meeting.
“To appoint Deloitte LLP as independent auditor for Carnival plc and to ratify the selection of Deloitte & Touche LLP as the independent registered public accounting firm for Carnival Corporation 830,351,973 4,791,658 3,277,656 0”
Shareholder Votes
CARNIVAL PLC shareholders approved Non-binding advisory vote to approve the Carnival plc Directors’ Remuneration Report at the 2024-04-05 meeting.
“To hold a (non-binding) advisory vote to approve the Carnival plc Directors’ Remuneration Report 616,873,377 17,759,162 2,135,714 201,653,034”
Shareholder Votes
CARNIVAL PLC shareholders approved Non-binding advisory vote to approve executive compensation at the 2024-04-05 meeting.
“To hold a (non-binding) advisory vote to approve executive compensation. 615,132,160 19,873,699 1,762,394 201,653,034”
Shareholder Votes
CARNIVAL PLC shareholders approved Election of Directors at the 2024-04-05 meeting.
“To re-elect Micky Arison as a director of Carnival Corporation and Carnival plc 609,201,360 26,253,109 1,313,785 201,653,034”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.