CARNIVAL Corporation has announced a US$1.25 billion offering of Senior Priority Notes, which will be secured by a contribution of “12 unencumbered vessels”.
Each of the ships involved in the deal will continue to be operated under one of the company’s brands, with Carnival saying it expects to use the net proceeds of the offering to make “principal payments on debt and for general corporate purposes”.
The notes, due for repayment in 2028, are being offered to qualified institutional investors outside the United States, and will also be “fully and unconditionally guaranteed on an unsecured basis” by Carnival Corporation and certain other subsidiaries, the company said.