Carnival prices $3.0 billion of 5.750% senior unsecured notes due 2032

Carnival Corporation & plc has priced a $3.0 billion upsized private offering of 5.750% senior unsecured notes due 2032. Proceeds will repay borrowings under a term loan facility and redeem $2.4 billion of senior unsecured notes due 2027. The company issued a notice of redemption for the 2027 notes. Following the transaction, remaining senior secured debt will be $3.1 billion with investment grade-style covenants. The Notes Offering is set to close on July 16, 2025, with interest payments starting on February 1, 2026, at a rate of 5.75% per year, maturing on August 1, 2032.

Read more at Nasdaq: Carnival Prices Upsized Private Offering Of $3.0 Bln Of 5.750% Senior Unsecured Notes Due 2032