Carnival Corporation (NYSE:CCL) has commenced a private offering of new senior unsecured notes in an aggregate principal amount of $2B, expected to mature in 2032.
The company intends to use the proceeds to fully repay the borrowings under Carnival Corporation’s first-priority senior secured term loan facility maturing in 2028, expecting to manage its future debt maturities and reduce secured debt.
It will use the remaining proceeds and cash on hand to partially redeem the company’s 5.750% senior unsecured notes due 2027.
