Small font size A Larger text size A Largest text size A

Carnival Prices Offering of Senior Unsecured Notes

BY MT Newswires | CORPORATE | 09/30/25 04:22 PM EDT

04:22 PM EDT, 09/30/2025 (MT Newswires) -- Carnival (CCL) said Tuesday it has priced a private offering of $1.25 billion of 5.12% senior unsecured notes due 2029.

The company plans to use the proceeds, together with cash on hand, to redeem $2 billion of 6% senior unsecured notes due 2029, it said in a statement. The deal is part of its effort to reduce interest expense.

The new notes will pay interest semiannually beginning May 1, 2026, and mature May 1, 2029. Closing is expected Oct. 15, subject to customary conditions, the company said.

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

More Fixed Income News

Wall St Week Ahead-Fed's internal split puts spotlight on Powell's rate guidance, dissents BY Reuters |ECONOMIC 09:00 AM EST
Fed's internal split puts spotlight on Powell's rate guidance, dissents BY Reuters |ECONOMIC 08:59 AM EST
MIDEAST STOCKS-Most Gulf markets gain on US rate cut hopes BY Reuters |ECONOMIC 08:01 AM EST
France's Macron threatens China with tariffs over trade surplus - Les Echos BY Reuters |ECONOMIC 07:57 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article