(Alliance News) - Carnival PLC said Wednesday it has closed its private offering of USD2 billion aggregate principal amount of 6% senior unsecured notes due 2029.
The cruise line operator will use the net proceeds from the bond offer to make scheduled principal payments on debt during 2022 and for general corporate purposes.
Carnival noted the proceeds will also be used for "making repayments of its indebtedness, the financing or refinancing of a portion of the purchase price, rental payments, costs and expenses related to certain of its current and future property, plant and equipment, including leased assets and vessels, and their maintenance, repair, replacement and improvements, as well as any other payments related to its vessels' ready-for-sea costs, in each case to the extent such amounts are not covered by the company's existing and future export credit facilities."
Shares in Carnival were 0.5% higher in London on Wednesday at 1,532.20 pence each.
By Paul McGowan; paulmcgowan@alliancenews.com
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Carnival (CCL)