The subsidiary is Carnival Holdings (Bermuda) Limited.
The notes will be fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by Carnival Corp., Carnival plc and certain other subsidiaries that guarantee substantially all of the company's other indebtedness.
In connection with the offering, Carnival and its subsidiaries will contribute 12 unencumbered vessels to the issuer, each continuing to be operated by Carnival.
Use of proceeds
The company expects to use the net proceeds to make principal payments on debt and for general corporate purposes. Carnival may use all or a portion of the proceeds to temporarily repay amounts outstanding under its revolver.
The notes will be offered only to qualified institutional investors outside the US.
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