Carnival Corporation & plc Announces the Launch of New Senior Unsecured Notes Offering
Carnival Corporation (NYSE/LSE: CCL) has announced a new private offering of $1.25 billion senior unsecured notes due 2029. The cruise line operator plans to use the proceeds, along with cash on hand, to fully redeem its existing $2.0 billion 6.000% senior unsecured notes due 2029.
The new notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S. The company expects the new notes to have investment grade-style covenants and aims to reduce its interest expense through this refinancing.
Carnival Corporation (NYSE/LSE: CCL) ha annunciato una nuova offerta privata di 1,25 miliardi di dollari di note senior non garantite con scadenza nel 2029. L'operatore di crociere intende utilizzare i proventi, insieme alle disponibilità di cassa, per estinguere integralmente le sue attuali note senior non garantite da 2,0 miliardi di dollari al tasso 6,000% con scadenza nel 2029.
Le nuove obbligazioni saranno offerte esclusivamente a investitori istituzionali qualificati ai sensi della Rule 144A e a investitori non statunitensi ai sensi del Regulation S. L'azienda prevede che le nuove note mantengano covenants dallo stile grado di investimento e punta a ridurre le spese per interessi tramite questo rifinanziamento.
Carnival Corporation (NYSE/LSE: CCL) ha anunciado una nueva oferta privada de $1.25 mil millones de notas senior no garantizadas con vencimiento en 2029. El operador de cruceros planea usar los ingresos, junto con el efectivo disponible, para rescatar por completo sus actuales notas senior no garantizadas de 2.0 mil millones de dólares al 6.000% que vencen en 2029.
Las nuevas notas se ofrecerán exclusivamente a compradores institucionales calificados conforme a la Regla 144A y a inversores no estadounidenses conforme al Reglamento S. La empresa espera que las nuevas notas tengan covenantes de estilo grado de inversión y busca reducir su gasto por intereses mediante este refinanciamiento.
Carnival Corporation (NYSE/LSE: CCL)가 2029년 만기의 12.5억 달러 규모의 선순위 무담보 채권를 신규 비공개로 발행한다고 발표했습니다. 크루즈 운영사는 이번 조달 수익과 현금을 합쳐 2029년 만기의 현재 20억 달러 규모의 6.000% 선순위 무담보 채권을 전량 상환할 계획입니다.
새 채권은 Rule 144A에 따른 자격 있는 기관투자자와 Regulation S에 따른 비미국 투자자에게만 제공됩니다. 회사는 새 채권이 투자등급 스타일의 covenants를 가질 것으로 기대하며, 이번 재융자를 통해 이자 비용을 줄이는 것을 목표로 하고 있습니다.
Carnival Corporation (NYSE/LSE: CCL) a annoncé une nouvelle émission privée de notes senior non garanties pour 1,25 milliard de dollars arrivant à échéance en 2029. L'exploitant des croisières prévoit d'utiliser les fonds, ainsi que sa trésorerie, pour rembourser intégralement ses actuelles notes senior non garanties de 2,0 milliards de dollars à 6,000% arrivant à échéance en 2029.
Les nouvelles obligations seront offertes exclusivement à des acheteurs institutionnels qualifiés en vertu de la Rule 144A et à des investisseurs non-américains conformément au Regulation S. L'entreprise s'attend à ce que les nouvelles obligations présentent des covenants de type investment grade et vise à réduire ses coûts d'intérêt grâce à ce refinancement.
Carnival Corporation (NYSE/LSE: CCL) hat eine neue private Emission von Senior-Unbesicherten Anleihen im Wert von 1,25 Milliarden USD angekündigt, fällig im Jahr 2029. Der Kreuzfahrtbetreiber plant, die Erlöse zusammen mit vorhandenen liquiden Mitteln zu verwenden, um seine bestehenden Senior-Unbesicherten Anleihen über 2,0 Milliarden USD mit 6,000% Zinssatz, fällig 2029, vollständig zurückzuzahlen.
Die neuen Anleihen werden ausschließlich an qualifizierte institutionelle Käufer gemäß Rule 144A und an Nicht-US-Investoren gemäß Regulation S angeboten. Das Unternehmen erwartet, dass die neuen Anleihen Covenants im Stil einer Investment-Grade haben, und zielt darauf ab, durch dieses Refinanzierungsverfahren seine Zinskosten zu senken.
Carnival Corporation (NYSE/LSE: CCL) أعلنت عن عرض خاص جديد بقيمة 1.25 مليار دولار لسندات senior غير مضمونة قابلة للدفع في عام 2029. تخطط شركة تشغيل الرحلات البحرية لاستخدام العوائد، مع النقد المتاح لديها، لإعادة شراء جميع السندات Senior غير المضمونة بقيمة 2.0 مليار دولار بمعدل فائدة 6.000% وتاريخ الاستحقاق 2029.
سيتم عرض السندات الجديدة حصرياً للمشترين المؤسسيين المؤهلين بموجب القاعدة 144A وللمستثمرين غير الأمريكيين بموجب Regulation S. تتوقع الشركة أن تكون لدى السندات الجديدة اتفاقيات covenants بنمط يصنف كدرجة استثمارية، وتهدف إلى خفض تكلفة الفائدة من خلال هذا التمويل المعاد.
Carnival Corporation（NYSE/LSE: CCL）宣布一项新的私人发行，金额为 12.5亿美元的2029年到期的高级无担保票据。该邮轮运营商计划将募集资金与手头现金一并用于全额赎回现有的 20亿美元、票面利率6.000%的高级无担保票据，到期日同为2029年。
新票据将仅向符合资格的机构买家按照 Rule 144A 发售，以及向符合 Regulation S 的非美国投资者发售。公司预计新票据将具有投资等级风格的契约条款，并通过此次再融资降低利息支出。
- Expected reduction in interest expense through refinancing
- Investment grade-style covenants for the new notes
- Strategic debt management to optimize capital structure
- Additional $750 million needed from cash on hand to complete redemption
- New debt issuance maintains significant leverage on balance sheet
This press release does not constitute a notice of redemption with respect to the 2029 Unsecured Notes.
The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside
The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase the Notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offering, solicitation or sale would be unlawful.
About Carnival Corporation & plc
Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn.
Cautionary Note Concerning Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the financing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows and liquidity and other events which have not yet occurred. Forward-looking statements reflect management's current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption "Risk Factors" in our most recent annual report on Form 10-K, as well as our other filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained by visiting the Investor Relations page of our website at www.carnivalcorp.com/investors/ or the SEC's website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Carnival Corporation & plc
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