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.