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Carnival Launches Private Placement Offering of $2 Billion in Senior Unsecured Notes

BY MT Newswires | CORPORATE | 07/07/25 09:52 AM EDT

09:52 AM EDT, 07/07/2025 (MT Newswires) -- Carnival (CUK, CCL) said Monday it has launched a private placement offering of $2 billion in senior unsecured notes due 2032 to qualified institutional buyers.

Proceeds will be used to refinance existing debt and reduce secured borrowings under a first-priority senior secured term loan facility maturing in 2028, while remaining funds and cash on hand will be used to partially redeem its 5.75% senior unsecured notes due 2027, subject to the final size of the offering, the company said.

Shares of Carnival were up 1% in early Monday trading.

Price: 27.46, Change: +0.27, Percent Change: +0.97

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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