Carnival Corporation Announces $993 Million Debt Redemption with New $1 Billion Notes Offering

Reuters
05-13
Carnival Corporation Announces $993 Million Debt Redemption with New $1 Billion Notes Offering

Carnival Corporation & plc has announced the pricing of a $1.0 billion offering of 5.875% senior unsecured notes due 2031. The proceeds from this offering will be used to redeem $993 million of the company's 7.625% senior unsecured notes due in 2026. This strategic move is part of Carnival's ongoing efforts to manage debt maturities and reduce interest expenses. The redemption of the 2026 unsecured notes is expected to occur on May 22, 2025, following the anticipated closing of the notes offering on May 21, 2025. Through this transaction and a prior partial redemption of $350 million earlier this year, Carnival aims to reduce its net annual interest expense by over $20 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carnival Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-25-001332), on May 12, 2025, and is solely responsible for the information contained therein.

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