The US dollar notes and the euro notes will pay interest semi-annually beginning on Feb. 1 and will mature on Feb. 1, 2026.
Guarantees
The notes will be fully guaranteed by Carnival plc and certain of the corporation’s and Carnival plc’s subsidiaries that own or operate ships and material intellectual property. Additionally, the notes and the guarantees will be secured by a second-priority lien on the collateral, which includes pledges on the capital stock of each subsidiary guarantor, mortgages on a majority of ships and related collateral, material intellectual property and pledges over other ship-related assets including inventory, trade receivables, computer software and casino equipment.
The notes are being offered only to qualified institutional buyers outside the United States.
Carnival expects to use the net proceeds for general corporate purposes.
The offerings are expected to close on July 20.
