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Carnival term loans repricing to save $18m/year in interestCarnival term loans repricing to save $18m/year in interest
Loan facilities due in 2027 and 2028 were repriced.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
January 13, 2025
1 Min Read

LOGO: CARNIVAL CORP. & PLC
Carnival Corp. & plc expects to save approximately $18m in annualized interest expense after closing its repricing of a series of loans.
These include approximately $700m of term loans under the company's first-priority senior secured term loan facility maturing in 2027 and approximately $1.75b of term loans under its first-priority senior secured term loan facility maturing in 2028.
New rates
The 2027 repriced loans and the 2028 repriced loans bear interest at a rate per annum equal to SOFR with a 0.75% floor, plus a margin equal to 2%.
JP Morgan acted as lead arranger, joint bookrunner and sole global coordinator for the marketing of the term loans.
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Carnival Corp. & plcAbout the Author
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