Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Carnival closes upsized $1.45bn and €500m notes offerings

CRUISE Carnival Corp. logo.jpg
Carnival Corp. & plc closed its private offerings of $1.45bn of 7.625% senior unsecured notes and €500m of 7.625% senior unsecured notes, both due 2026.

The amounts were increased from the originally announced $1bn and €300m, respectively.

Carnival expects to use the net proceeds for general corporate purposes, including the financing or refinancing of a portion of the purchase price, rental payments, costs and expenses related to certain current and future property, plant and equipment (including leased assets and ships) and their repair, replacement and improvements. Proceeds may also go to other payments related to vessels' ready-for-sea costs, to the extent such amounts are not covered by existing and future export credit facilities.

The notes were offered only to qualified institutional buyers outside the United States.