Carnival Plc (UK) (GB:CCL) has released an update.
Carnival Corporation & plc has announced the pricing of a €500 million offering of 5.75% senior unsecured notes due 2030 to refinance existing debt and reduce interest expenses. Additionally, the company will reprice and partially prepay its senior secured term loan facilities to further decrease interest expenses and overall debt, expecting savings of over $30 million in net interest for 2024. The notes offering and loan repricing are set to close on April 25, 2024, with the note redemption occurring the following day.
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