Carnival Corporation & plc Announces the Launch of New Senior Unsecured Notes Offering
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced the launch of a private offering of €1.0 billion senior unsecured notes due 2031. The offering is intended to refinance existing debt, specifically to fully repay Carnival Corporation's first-priority senior secured term loan facility maturing in 2027 and partially repay the facility maturing in 2028.
The notes will feature investment grade-style covenants and will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act. The notes will not be registered under the Securities Act or state securities laws.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) ha annunciato il lancio di un'offerta privata di obbligazioni senior non garantite per 1,0 miliardi di euro con scadenza nel 2031. L'offerta è finalizzata a rifinanziare il debito esistente, in particolare per rimborsare integralmente il prestito a termine senior garantito di prima priorità di Carnival Corporation, in scadenza nel 2027, e per rimborsare parzialmente il prestito in scadenza nel 2028.
Le obbligazioni presenteranno covenant di tipo investment grade e saranno offerte esclusivamente a investitori istituzionali qualificati ai sensi della Rule 144A e a investitori non statunitensi ai sensi del Regulation S del Securities Act. Le obbligazioni non saranno registrate ai sensi del Securities Act né delle leggi statali sui titoli.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) ha anunciado el lanzamiento de una oferta privada de notas senior no garantizadas por 1.000 millones de euros con vencimiento en 2031. La oferta tiene como objetivo refinanciar la deuda existente, específicamente para reembolsar en su totalidad el préstamo a plazo senior garantizado de primera prioridad de Carnival Corporation que vence en 2027 y reembolsar parcialmente la facilidad que vence en 2028.
Las notas contarán con convenios estilo grado de inversión y se ofrecerán exclusivamente a compradores institucionales calificados bajo la Regla 144A y a inversores no estadounidenses bajo el Reglamento S de la Ley de Valores. Las notas no estarán registradas bajo la Ley de Valores ni las leyes estatales de valores.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)는 2031년 만기 10억 유로 규모의 선순위 무담보 채권의 사모 발행을 발표했습니다. 이번 발행은 기존 부채를 재융자하기 위한 것으로, 특히 2027년에 만기가 도래하는 Carnival Corporation의 최우선 선순위 담보 대출을 전액 상환하고 2028년에 만기가 도래하는 대출 일부를 상환하는 데 목적이 있습니다.
채권은 투자등급 스타일의 계약 조항을 포함하며, 증권법의 Rule 144A에 따른 적격 기관 투자자 및 Regulation S에 따른 비미국 투자자에게만 독점적으로 제공됩니다. 이 채권들은 증권법 또는 주 증권법에 등록되지 않습니다.
Carnival Corporation & plc (NYSE/LSE : CCL ; NYSE : CUK) a annoncé le lancement d'une offre privée de obligations senior non garanties d'un montant de 1,0 milliard d'euros arrivant à échéance en 2031. Cette offre vise à refinancer la dette existante, notamment à rembourser intégralement la facilité de prêt à terme senior garanti de première priorité de Carnival Corporation arrivant à échéance en 2027 et à rembourser partiellement la facilité arrivant à échéance en 2028.
Les obligations comporteront des clauses de type investissement grade et seront proposées exclusivement à des acheteurs institutionnels qualifiés en vertu de la règle 144A et à des investisseurs non américains en vertu du règlement S de la loi sur les valeurs mobilières. Ces obligations ne seront pas enregistrées en vertu de la loi sur les valeurs mobilières ni des lois étatiques sur les valeurs mobilières.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) hat die Emission einer Privatplatzierung von 1,0 Milliarden Euro unbesicherten vorrangigen Schuldverschreibungen mit Fälligkeit 2031 angekündigt. Die Emission dient der Refinanzierung bestehender Schulden, insbesondere zur vollständigen Rückzahlung der vorrangigen besicherten Terminkreditfazilität von Carnival Corporation, die 2027 fällig wird, sowie zur teilweisen Rückzahlung der Fazilität mit Fälligkeit 2028.
Die Schuldverschreibungen werden Investment-Grade-ähnliche Auflagen enthalten und ausschließlich qualifizierten institutionellen Käufern gemäß Rule 144A sowie Nicht-US-Investoren gemäß Regulation S des Securities Act angeboten. Die Schuldverschreibungen werden weder nach dem Securities Act noch nach staatlichen Wertpapiergesetzen registriert.
- Refinancing of existing debt indicates proactive debt management
- Investment grade-style covenants suggest improved debt terms
- Extended debt maturity to 2031 improves debt structure
- Additional €1.0 billion in senior unsecured notes increases overall debt burden
- Limited to qualified institutional buyers and non-U.S. investors, restricting potential investor base
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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