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Carnival Plc
Carnival PLC - Carnival Corporation & plc Announces the Launch of New Senior Unsecured Notes Offering
7th July 2025, 12:56
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Carnival Corporation & plc Announces the Launch of New Senior Unsecured Notes
Offering

MIAMI, July 7, 2025 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
today announced that Carnival Corporation (the "Company") commenced a private
offering (the "Notes Offering") of new senior unsecured notes in an aggregate
principal amount of $2.0 billion, expected to mature in 2032 (the "Notes"), to
fully repay the borrowings under Carnival Corporation's first-priority senior
secured term loan facility maturing in 2028, expecting to manage its future debt
maturities and reduce secured debt. The Company intends to use the remaining
proceeds and cash on hand to partially redeem the Company's 5.750% senior
unsecured notes due 2027 (the "2027 Unsecured Notes"). Assuming that the final
size of the Notes Offering is $2.0 billion, the Company expects to redeem $1.4
billion of the 2027 Unsecured Notes. Such amount is subject to change due to a
number of factors, including the final size of the Notes Offering. The partial
redemption will be conditioned on the closing of the Notes Offering. The
indenture that will govern the Notes is expected to have investment grade-style
covenants.

This press release does not constitute a notice of redemption with respect to
the 2027 Unsecured Notes.

The Notes will be 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/ (https://c212.net/c/link/?t=0&l=en&o=4462848
-1&h=1205276479&u=https%3A%2F%2Fwww.carnivalcorp.com%2Finvestors%2F&a=www.carniva
lcorp.com%2Finvestors%2F) or the SEC's website
at www.sec.gov (https://c212.net/c/link/?t=0&l=en&o=4462848
-1&h=909096289&u=http%3A%2F%2Fwww.sec.gov%2F&a=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.

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

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