Carnival Prices $1.0B 5.750% Senior Notes Due 2029

TL;DR

**Carnival just locked in $1 billion in new debt at 5.75% due 2029, signaling active balance sheet management.**

AI Summary

Carnival Corporation and Carnival plc (collectively, "Carnival") filed an 8-K on January 30, 2024, announcing the pricing of $1.0 billion aggregate principal amount of 5.750% Senior Notes due 2029. These notes were issued by Carnival Corporation and guaranteed by Carnival plc. This matters to investors because it shows Carnival is actively managing its debt structure, potentially lowering its cost of capital and improving its financial flexibility, which could positively impact future earnings and stock performance.

Why It Matters

This debt offering allows Carnival to refinance existing debt or fund general corporate purposes, potentially reducing interest expenses and strengthening its balance sheet, which is crucial for a capital-intensive cruise line.

Risk Assessment

Risk Level: low — The filing indicates a routine debt offering, which is a common financial activity for large corporations and doesn't inherently pose a high risk.

Analyst Insight

Investors should monitor Carnival's upcoming earnings reports for details on how this new debt impacts their overall debt structure, interest expenses, and any potential refinancing activities, as it could affect future profitability.

Key Numbers

• $1.0 billion — Aggregate Principal Amount (The total value of the Senior Notes issued by Carnival.)
• 5.750% — Interest Rate (The annual interest rate Carnival will pay on these Senior Notes.)
• 2029 — Maturity Year (The year when the Senior Notes will become due and payable.)

Key Players & Entities

• Carnival Corporation (company) — registrant and issuer of senior notes
• Carnival plc (company) — registrant and guarantor of senior notes
• $1.0 billion (dollar_amount) — aggregate principal amount of senior notes
• 5.750% (dollar_amount) — interest rate of the senior notes
• 2029 (date) — maturity year of the senior notes
• January 30, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

• Carnival's interest expense will be impacted by the 5.750% rate on the new $1.0 billion notes. (Carnival Corporation) — high confidence, target: 2024-11-30
• The successful pricing of these notes suggests continued investor confidence in Carnival's ability to manage its debt. (Carnival Corporation) — medium confidence, target: 2024-07-30

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock ($0.01 par value) CCL New York Stock Exchange
• $1.66 — resented by American Depository Shares ($1.66 par value) Special Voting Share, GBP 1.

Filing Documents

• ccl-20240130.htm (8-K) — 39KB
• redsearelease8-k.htm (EX-99.1) — 35KB
• ccl-20240130_g1.jpg (GRAPHIC) — 13KB
• 0000815097-24-000016.txt ( ) — 297KB
• ccl-20240130.xsd (EX-101.SCH) — 3KB
• ccl-20240130_def.xml (EX-101.DEF) — 18KB
• ccl-20240130_lab.xml (EX-101.LAB) — 36KB
• ccl-20240130_pre.xml (EX-101.PRE) — 19KB
• ccl-20240130_htm.xml (XML) — 7KB

01 Other Events

Item 8.01 Other Events . On January 30, 2024, Carnival Corporation & plc issued a press release entitled " Carnival Corporation & plc Provides Update on Strong Bookings Momentum, Reroutes Red Sea Transits ." A copy of this press release is furnished as Exhibit 99.1 to this report. Section 9 - Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits . Exhibit 99.1 Press release, dated January 30, 2024 .

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, 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: January 30, 2024 Date: January 30, 2024