Carnival Corporation & plc Announces the Redemption of Existing $1.0 Billion 10.500% Senior Unsecured Notes due 2030 and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction

Core Viewpoint - Carnival Corporation & plc has initiated a private offering of new senior unsecured notes totaling $1.0 billion, aimed at refinancing existing debt and reducing interest expenses [1][2]. Group 1: Notes Offering - The new senior unsecured notes are expected to mature in 2030 and will replace the existing$1.0 billion 10.500% senior unsecured notes due 2030 [1]. - The offering is anticipated to include investment grade-style covenants in the governing indenture [1]. Group 2: Redemption of Existing Notes - A conditional notice of redemption has been issued for the entire outstanding principal amount of the 2030 Unsecured Notes, with a redemption date around February 28, 2025 [2]. - The redemption price will be 100% of the principal amount plus applicable premiums and accrued interest, funded by the net proceeds from the new notes offering and cash on hand [2]. Group 3: Company Overview - Carnival Corporation & plc is recognized as the largest global cruise company and one of the largest leisure travel companies, operating a portfolio of well-known cruise lines [6].