The proceeds will be used to repay amounts drawn under the company’s revolving credit facility, which remains available for future principal payments and for general corporate purposes.
Guaranteed on an unsecured basis
The notes are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by Carnival Corp., Carnival plc and certain other subsidiaries that guarantee substantially all of the company’s other indebtedness.
In connection with the offering, Carnival and its subsidiaries will contribute 12 freehold vessels to the issuer, each of which will continue to be operated by Carnival.
The notes were offered only to qualified institutional investors outside the US.
PJT Partners served as Carnival Corp.’s independent financial advisor. & plc.
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