2nd Jul 2025 03:30
Carnival PLC & Corp - Miami, Florida-based cruise operator - Prices previously announced private offering of EUR1.00 billion senior notes maturing in 2031 with 4.125% coupon. The company plans to use proceeds to fully repay borrowings under its 2027 loan facility as well as a portion of its 2028 facility. The offer is due to close on Monday.
Carnival says: "In conjunction with the company's prepayment of USD450.0 million on June 27, 2025 towards the 2027 term loan facility, this transaction builds on its continuing efforts to deleverage, reduce interest expense, simplify its capital structure and manage its maturity profile."
Current stock price: 1,883.00 pence, closed up 3.0% in London
12-month change: up 47%
By Elijah Dale, Alliance News reporter
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