REG-Carnival PLC: Carnival Corporation & plc Announces New $4.5 Billion Revolving Credit Facility to Upsize and Extend the Company's Revolver Capacity

CarnivalAnnouncement

Today 09:30

Carnival Corporation & plc Announces New $4.5 Billion Revolving Credit
Facility to Upsize and Extend the Company's Revolver Capacity

 

MIAMI, June 16, 2025 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
(the "Company") today announced that it has successfully arranged a new $4.5
billion multi-currency revolving credit facility (the "New Revolver"). The New
Revolver matures in June 2030 and will replace the existing multi-currency
revolving credit facility of Carnival Holdings (Bermuda) II Limited, a
subsidiary of Carnival Corporation. The New Revolver also contains an
accordion feature, allowing for up to $1.0 billion of additional revolving
commitments.

"This 50 percent increase in our revolver meaningfully enhances our liquidity,
providing opportunities to continue accelerating our debt reduction efforts,"
said David Bernstein, Chief Financial Officer. "Securing this significant
upsize and extension to our revolver, on more favorable terms, also reflects
confidence in our continued performance and achieves another milestone toward
rebuilding our financial fortress."

According to Bernstein, the New Revolver is a testament to the Company's
continued business improvement and strong banking relationships.

The New Revolver will be unsecured and initially guaranteed on an unsecured
basis by the same subsidiaries of the Company that guarantee the Company's
senior secured term loan facilities. Carnival Corporation and Carnival plc,
each as a borrower, are entering into the New Revolver with a global syndicate
of financial institutions and JPMorgan Chase Bank, N.A., as administrative
agent.

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.

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

Source: Carnival Corporation & plc

 



Copyright (c) 2025 PR Newswire Association,LLC. All Rights Reserved