REG-Carnival PLC: Carnival Corporation & plc Announces Closing of $1.25 Billion 5.125% Senior Unsecured Notes Offering

CarnivalAnnouncement

16/10/2025 07:02

Carnival Corporation & plc Announces Closing of $1.25 Billion 5.125% Senior
Unsecured Notes Offering

 

Proceeds from the offering of senior unsecured notes, together with cash on
hand, to be used to redeem all of the outstanding 6.000% senior unsecured
notes due 2029

MIAMI,                     Oct. 16, 2025                     /PRNewswire/ --
                    Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
today announced that Carnival Corporation (the "Company") has closed its
previously announced private offering (the "Notes Offering") of $1.25 billion
aggregate principal amount of 5.125% senior unsecured notes due 2029 (the
"Notes").

On October 15, 2025, the Company issued a notice of redemption for all of the
$2.0 billion aggregate principal amount of its 6.000% senior unsecured notes
due 2029 (the "2029 Unsecured Notes") to be redeemed on November 1, 2025 (the
"Redemption Date") at a redemption price equal to 101.500% of the principal
amount of the 2029 Unsecured Notes to be redeemed, plus accrued and unpaid
interest to, but excluding, the Redemption Date. The Company will fund the
redemption using the proceeds from the Notes Offering and cash on hand. The
Notes Offering and the redemption of the 2029 Unsecured Notes are a
continuation of the Company's strategy to reduce interest expense.

The Notes will pay interest semi-annually on May 1 and November 1 of each
year, beginning on May 1, 2026, at a rate of 5.125% per year. The Notes will
be unsecured and will mature on May 1, 2029. The Notes will be fully and
unconditionally guaranteed on a senior unsecured basis, jointly and severally,
by Carnival plc and certain of the Company's and Carnival plc's subsidiaries
that also guarantee our first-priority secured indebtedness, certain of our
other unsecured notes and our convertible notes. The indenture that governs
the Notes has investment grade-style covenants.           

This press release does not constitute a notice of redemption with respect to
the 2029 Unsecured Notes.

The Notes were 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 were not, and 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.

 

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

 



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