US Edition
Carnival Corporation & plc Announces Closing of $1.0 Billion 5.875% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction
- On May 21, 2025, Carnival Corporation & plc completed a $1.0 billion private placement of senior unsecured debt instruments bearing a 5.875% interest rate, maturing in 2031.
- The Company completed a redemption of $993 million in senior unsecured notes carrying a 7.625% interest rate and maturing in 2026, as part of its ongoing efforts to manage debt levels and reduce interest costs.
- The new notes will accrue interest twice a year, with payments made every June 15 and December 15 starting December 15, 2025, and are backed by unconditional guarantees on a priority unsecured basis.
- Carnival anticipates lowering its net interest costs by more than $20 million through 2026 due to the recent partial redemption of $350 million in notes as well as additional transactions.
- This transaction supports Carnival’s financial health amid risks such as geopolitical uncertainty, pandemics, and the substantial debt incurred during paused cruise operations.
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Total News Sources28
Leaning Left1Leaning Right4Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
C 55%
R 36%
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