Welcome to the Future of Cruise Travel: Carnival Corporation’s $1 Billion Notes Offering

MIAMI, Feb. 18, 2025 /PRNewswire/ —

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the “Company”) commenced a private offering (the “Notes Offering”) of new senior unsecured notes in an aggregate principal amount of $1.0 billion, expected to mature in 2030 (the “Notes”), to refinance the Company’s $1.0 billion 10.500% senior unsecured notes due 2030 (the “2030 Unsecured Notes”), expecting to reduce interest expense. In addition, the indenture that will govern the Notes is expected to have investment grade-style covenants.

Imagine setting sail on a luxurious cruise ship, exploring exotic destinations, and enjoying world-class entertainment and dining experiences. Carnival Corporation, the world’s largest cruise company, is taking steps to enhance the future of cruise travel with their latest financial move – a $1 billion Notes Offering to refinance existing debt and reduce interest expenses.

The Notes Offering, expected to mature in 2030, will provide Carnival Corporation with additional financial flexibility to continue delivering unforgettable experiences to passengers around the globe. By refinancing their existing debt with new senior unsecured notes, the company aims to streamline its financial obligations and pave the way for sustainable growth and innovation in the cruise industry.

With investment grade-style covenants governing the Notes, Carnival Corporation is signaling its commitment to financial prudence and stability. This move is not only beneficial for the company’s bottom line but also for investors who seek reliable returns in the ever-evolving travel and tourism sector.

As Carnival Corporation sets sail towards a brighter future, passengers can look forward to exciting new destinations, enhanced onboard amenities, and unforgettable memories at sea. Whether you’re a seasoned cruiser or planning your first voyage, the $1 billion Notes Offering is a testament to Carnival Corporation’s dedication to redefining the cruise experience for generations to come.

Effects on Me:

As a potential cruiser, the $1 billion Notes Offering by Carnival Corporation may result in improved amenities, services, and destinations for your future voyages. With reduced interest expenses, the company can allocate more resources towards enhancing the passenger experience, making your cruise vacation even more memorable and enjoyable.

Effects on the World:

The $1 billion Notes Offering by Carnival Corporation is expected to have a ripple effect on the global cruise industry, setting a new standard for financial stability and investment practices. As the world’s largest cruise company refines its financial strategy, competitors may follow suit, leading to greater transparency, accountability, and sustainability across the entire travel sector.

Conclusion:

In conclusion, Carnival Corporation’s $1 billion Notes Offering signals a promising future for cruise travel, with enhanced experiences for passengers and greater financial stability for the company. As the industry continues to evolve, this strategic move sets the stage for innovation, growth, and unforgettable adventures on the high seas. Get ready to embark on a new era of cruising with Carnival Corporation at the helm.