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Carnival Prices $3 Billion Private Offering of Notes

BY MT Newswires | CORPORATE | 07/07/25 05:24 PM EDT

05:24 PM EDT, 07/07/2025 (MT Newswires) -- Carnival (CUK, CCL) said Monday it priced a $3 billion private offering of 5.75% senior unsecured notes due 2032.

Proceeds from the offering will be used to fully repay borrowings under the company's first-priority senior secured term loan facility maturing in 2028, the company said.

Carnival added that the remaining proceeds, together with cash on hand, will be used to redeem $2.4 billion of its 5.75% senior unsecured notes due 2027.

The company said it has issued a conditional redemption notice for those 2027 notes, effective July 17, pending the closing of the offering.

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

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