Carnival Corporation & plc announced a private offering of new senior unsecured notes totaling $1.0 billion, expected to mature in 2030. The proceeds will be used to refinance its existing $1.0 billion 10.500% senior unsecured notes due 2030. The company also issued a conditional notice of redemption for these outstanding notes, with a scheduled redemption date of February 28, 2025, contingent on the successful closing of the new notes offering.

The redemption price for the existing notes will be 100% of the principal amount, along with a “make-whole” premium and accrued interest. The company’s press release includes forward-looking statements regarding this financial move, highlighting its intent to optimize debt obligations.