CCL.L

Carnival Plc
Carnival PLC - Carnival Corporation & plc Announces Pricing of €1.0 Billion 4.125% Senior Unsecured Notes Offering
2nd July 2025, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Carnival Corporation & plc Announces Pricing of €1.0 Billion 4.125% Senior
Unsecured Notes Offering

Proceeds from the offering of senior unsecured notes to be used to repay
borrowings under the senior secured term loan facilities

MIAMI, July 1, 2025 --Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
today announced that Carnival plc (the "Company") priced its private offering
(the "Notes Offering") of €1.0 billion aggregate principal amount of 4.125%
senior unsecured notes due 2031 (the "Notes"). The Company expects to use the
proceeds from the Notes Offering to fully repay the borrowings under Carnival
Corporation's first-priority senior secured term loan facility maturing in 2027
(the "2027 Term Loan Facility") and to repay a portion of the borrowings under
Carnival Corporation's first-priority senior secured term loan facility maturing
in 2028. In conjunction with the Company's prepayment of $450.0 million on June
27, 2025 towards the 2027 Term Loan Facility, this transaction builds on its
continuing efforts to deleverage, reduce interest expense, simplify its capital
structure and manage its maturity profile.

The Notes Offering is expected to close on July 7, 2025, subject to customary
closing conditions. The indenture that will govern the Notes will have
investment grade-style covenants.

The Notes will pay interest annually on July 15 of each year, beginning on July
15, 2026, at a rate of 4.125% per year. The Notes will be unsecured and will
mature on July 15, 2031. The Notes will be fully and unconditionally guaranteed
on an unsecured basis, jointly and severally, by Carnival Corporation and
initially certain of the Company's and Carnival Corporation's subsidiaries that
also guarantee our first-priority secured indebtedness, certain of our other
unsecured notes and our convertible notes.

The Notes are being offered only to persons reasonably believed to be qualified
institutional buyers in reliance on Rule 144A under the Securities Act of 1933,
as amended (the "Securities Act"), and outside the United States, only to non
-U.S. investors pursuant to Regulation S under the Securities Act.

The Notes will not be registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or the solicitation of
an offer to purchase the Notes or any other securities and shall not constitute
an offer, solicitation or sale in any state or jurisdiction in which such
offering, solicitation or sale would be unlawful.

About Carnival Corporation & plc

Carnival Corporation & plc is the largest global cruise company, and among the
largest leisure travel companies, with a portfolio of world-class cruise lines -
AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line,
P&O Cruises, Princess Cruises and Seabourn.

Cautionary Note Concerning Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements
under the Private Securities Litigation Reform Act of 1995. These statements
relate to, among other things, the financing transactions described herein,
future results, operations, outlooks, plans, goals, reputation, cash flows and
liquidity and other events which have not yet occurred. Forward-looking
statements reflect management's current expectations and are subject to risks,
uncertainties and other factors that could cause our actual results, performance
or achievements to differ materially from the future results, performance or
achievements expressed or implied in those forward-looking statements. Factors
that could affect our results include, among others, those discussed under the
caption "Risk Factors" in our most recent annual report on Form 10-K, as well as
our other filings with the Securities and Exchange Commission (the "SEC"),
copies of which may be obtained by visiting the Investor Relations page of our
website at www.carnivalcorp.com/investors/or the SEC's website at www.sec.gov.
Undue reliance should not be placed on the forward-looking statements in this
release, which are based on information available to us on the date hereof. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.

 SOURCE Carnival Corporation & plc

CONTACT:Carnival Corporation & plc Media Contact: Jody Venturoni, Carnival
Corporation, jventuroni@carnival.com, (469) 797-6380;Carnival Corporation & plc
Investor Relations Contact: Beth Roberts, Carnival Corporation,
eroberts@carnival.com, (305) 406-4832

This information was brought to you by Cision http://news.cision.com

TwitterFacebookLinkedIn