Core Viewpoint - Carnival Corporation & plc has announced a private offering of $3.0 billion in senior unsecured notes, aimed at refinancing existing debt and managing future debt maturities [1][2][4]. Group 1: Notes Offering Details - The offering consists of $3.0 billion aggregate principal amount of 5.750% senior unsecured notes due 2032 [1][6]. - The proceeds will be used to fully repay borrowings under the senior secured term loan facility maturing in 2028 and to redeem $2.4 billion of 5.750% senior unsecured notes due 2027 [2][4]. - The transaction is expected to close on July 16, 2025, subject to customary closing conditions [5]. Group 2: Redemption and Debt Management - A conditional notice of redemption has been issued for the $2.4 billion of 2027 Unsecured Notes, set to be redeemed on July 17, 2025, at a price equal to 100% of the principal amount plus applicable premiums and interest [3]. - Following the completion of this transaction, the company's remaining senior secured debt will be $3.1 billion, with provisions for security fall away upon receiving investment grade ratings from two of the three rating agencies [4]. Group 3: Financial Terms - The notes will pay interest semi-annually at a rate of 5.75% per year, starting February 1, 2026, and will mature on August 1, 2032 [6]. - The notes will be fully and unconditionally guaranteed on an unsecured basis by Carnival plc and certain subsidiaries [6]. Group 4: Company Overview - Carnival Corporation & plc is the largest global cruise company and among the largest leisure travel companies, operating a portfolio of well-known cruise lines [10].