Carnival Corporation & plc has announced the launch of a new senior unsecured notes offering, with an aggregate principal amount of €1.0 billion and an expected maturity in 2031. The purpose of this offering is to fully repay borrowings under Carnival Corporation's first-priority senior secured term loan facility maturing in 2027 and to repay a portion of the borrowings under its first-priority senior secured term loan facility maturing in 2028.
The notes are being offered only to qualified institutional buyers and non-U.S. investors, and will not be registered under the securities act or any state securities laws.
As of the last reported period, Carnival Corporation & plc is the largest global cruise company and among the largest leisure travel companies, with a portfolio of world-class cruise lines such as Aida Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn.
This is a developing story, and we will continue to monitor and report on any further updates regarding Carnival Corporation & plc and its financial activities. As a result of these announcements, the company's shares have moved 2.24% on the market, and are now trading at a price of $27.87. For the full picture, make sure to review CARNIVAL CORP's 8-K report.
