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Carnival closes $2.4bn 4% notes offering in an interest-saving refinancingCarnival closes $2.4bn 4% notes offering in an interest-saving refinancing
Carnival Corp. & plc closed its private offering of $2.4bn 4% first-priority senior secured notes due 2028.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
July 26, 2021
1 Min Read

Credit: Seatrade Cruise News
Carnival will use the net proceeds to fund a previously announced tender offer to purchase up to $2bn of its 11.5% first-priority senior secured notes due 2023.
$135m of interest savings annually
The new notes' 4% interest rate will replace existing debt carrying an 11.5% coupon and stretch out maturities, generating $135m of interest savings annually.
The notes were offered only to institutional buyers outside the US.
PJT Partners is serving as independent financial advisor to Carnival.
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Carnival Corp. & plcAbout the Author
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