Carnival Corp. syndicates repricing of senior secured term loan

Each matures on June 30, 2025.

Reduced interest

With the repricing, outstanding amounts under the US dollars facility will bear interest at an annual rate equal to adjusted LIBOR with a 0.75% floor, plus a margin equal to 3%. This is 4.5% less than the previous LIBOR margin.

Outstanding amounts in the euros funded facility will bear interest at an annual rate equal to EURIBOR with a 0% floor, plus a margin equal to 3.75%. This is 3.75% less than the EURIBOR margin prior to the repricing.

JPMorgan Chase Bank, NA and Barclays Bank plc acted as joint global coordinators for the repricing, which is expected to close on June 30, subject to customary conditions.

PJT Partners is serving as independent financial advisor to Carnival Corp.