Carnival Corporation & plc Announces Closing of $1.25 Billion 5.125% Senior Unsecured Notes Offering

Core Viewpoint - Carnival Corporation has successfully closed a private offering of $1.25 billion in senior unsecured notes at a 5.125% interest rate, aimed at redeeming its existing 6.000% senior unsecured notes due 2029, thereby continuing its strategy to reduce interest expenses [1][2]. Group 1: Notes Offering Details - The company issued $1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 [1]. - The notes will pay interest semi-annually starting May 1, 2026, and will mature on May 1, 2029 [3]. - The notes are fully guaranteed on a senior unsecured basis by Carnival plc and certain subsidiaries [3]. Group 2: Redemption of Existing Notes - A notice of redemption was issued for all $2.0 billion of the 6.000% senior unsecured notes due 2029, with a redemption date set for November 1, 2025 [2]. - The redemption price will be 101.500% of the principal amount, plus accrued interest [2]. Group 3: Regulatory and Offering Information - The notes were offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S [4]. - The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption [5].