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Carnival prices $2.4bn 4% senior notes to refinance higher interest debtCarnival prices $2.4bn 4% senior notes to refinance higher interest debt
Carnival Corp. & plc priced a 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 21, 2021
1 Min Read

Credit: Seatrade Cruise News
The company plans to use the net proceeds to fund its previously announced tender offer to purchase up to $2bn 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 generate $135m of interest savings annually.
The notes are being offered only to institutional buyers outside the US, and the offering is expected to close on July 26.
PJT Partners is serving as independent financial advisor to Carnival.
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Carnival Corp. & plcAbout the Author
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