Carnival (NYSE: CUK) to redeem $322M 5.75% 2027 senior unsecured notes
Rhea-AI Filing Summary
Carnival Corporation has issued a notice of redemption for the remaining outstanding principal amount of approximately $322 million of its 5.750% senior unsecured notes due 2027. These notes are scheduled to be redeemed on August 29, 2025 at a price equal to 100.0% of their principal amount, plus an applicable make-whole premium and accrued and unpaid interest up to, but not including, the redemption date.
The company states that this disclosure is being furnished to comply with Regulation FD and is not deemed filed for liability purposes under the Exchange Act.
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Insights
Carnival moves to redeem $322M of 2027 notes at par plus premium.
Carnival Corporation plans to redeem the remaining outstanding principal of approximately $322 million of its 5.750% senior unsecured notes due 2027 on August 29, 2025. The redemption will be executed at 100.0% of principal, plus a make-whole premium and accrued interest, which is typical for early repayment of longer-dated bonds.
This step reduces the specific 2027 debt obligation and may shorten or reshape the company’s debt maturity profile, though the overall balance sheet impact cannot be quantified from this excerpt alone. The payment of a make-whole premium means bondholders are compensated for foregone interest, which can modestly increase near-term cash outflows relative to waiting until maturity.
The company characterizes the disclosure as information furnished under Regulation FD rather than filed, signaling it as a transparency measure rather than a broader restructuring announcement. Future filings may detail how this redemption interacts with other borrowings, interest expense trends, and overall leverage as of subsequent reporting dates.
8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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| Special Voting Share, GBP 1.00 par value and Trust Shares of beneficial interest in the P&O Princess Special Voting Trust | , Inc. | |||
Indicate by check mark whether the registrants are emerging growth companies as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2) of this chapter).
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| Item 7.01 | Regulation FD. |
On August 19, 2025, Carnival Corporation (the “Company”) issued a notice of redemption for the remaining outstanding principal amount (approximately $322 million) of its 5.750% senior unsecured notes due 2027 (the “2027 Unsecured Notes”) to be redeemed on August 29, 2025 at a redemption price equal to 100.0% of the principal amount of the 2027 Unsecured Notes to be redeemed, plus an applicable “make-whole” premium and accrued and unpaid interest to, but excluding, the redemption date. This current report does not constitute a notice of redemption with respect to the 2027 Unsecured Notes.
The Company is furnishing the information in this Current Report on Form 8-K to comply with Regulation FD. Such information shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CARNIVAL CORPORATION | CARNIVAL PLC | |||
| By: | /s/ David Bernstein | By: | /s/ David Bernstein | |
| Name: | David Bernstein | Name: | David Bernstein | |
| Title: | Chief Financial Officer and Chief Accounting Officer | Title: | Chief Financial Officer and Chief Accounting Officer | |
Date: August 19, 2025 |
Date: August 19, 2025 | |||