Carnival Corporation upsizes note issue, transfers 12 ships to Bermuda company
Carnival Corporation & plc, the Anglo- American cruise shipping group, said that Carnival Holdings (Bermuda) Limited, a subsidiary of Carnival Corporation, has priced the private offering of $2.03 billion aggregate principal amount of 10.375% Senior Priority Notes due 2028.
“The aggregate principal amount of Senior Priority Notes to be issued was increased to $2.03 billion from $1.25 billion due to strong investor demand,” Carnival said in a statement.
“The Company expects to initially use the net proceeds of the offering to repay amounts drawn under the revolving credit facility, which remains available for future principal payments on debt and for general corporate purposes,” it said.
