Carnival Secures $3B Credit Facility

TL;DR

Carnival just locked in a $3B credit line until 2029 for general corporate needs.

AI Summary

Carnival Corporation & plc announced on April 19, 2024, that it has entered into a new credit facility. This facility provides a revolving credit commitment of $3.0 billion, maturing on April 19, 2029. The company intends to use this new credit facility for general corporate purposes.

Why It Matters

This new credit facility provides Carnival with significant financial flexibility and liquidity, which is crucial for its operations and strategic initiatives in the cruise industry.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a credit facility, which is a standard financial instrument for large corporations and does not indicate any immediate or significant risks.

Key Numbers

• $3.0B — Credit Facility Commitment (Provides significant liquidity for general corporate purposes.)
• 2029 — Maturity Date (Indicates the long-term availability of these funds.)

Key Players & Entities

• Carnival Corporation & plc (company) — the filer and borrower
• $3.0 billion (dollar_amount) — the total commitment of the new credit facility
• April 19, 2029 (date) — the maturity date of the new credit facility
• April 19, 2024 (date) — the date the credit facility was entered into

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock ($0.01 par value) CCL New York Stock Excha
• $1.66 — resented by American Depositary Shares ($1.66 par value) , Special Voting Share, GBP

Filing Documents

• eh240471574_8k.htm (8-K) — 40KB
• eh240471574_ex9901.htm (EX-99.1) — 28KB
• company_logo.jpg (GRAPHIC) — 9KB
• 0000950142-24-001153.txt ( ) — 323KB
• ccl-20240419.xsd (EX-101.SCH) — 4KB
• ccl-20240419_def.xml (EX-101.DEF) — 28KB
• ccl-20240419_lab.xml (EX-101.LAB) — 37KB
• ccl-20240419_pre.xml (EX-101.PRE) — 26KB
• eh240471574_8k_htm.xml (XML) — 9KB

01 Other Events

Item 8.01 Other Events . On April 19, 2024, Carnival Corporation & plc issued a press release announcing that Carnival Corporation (the "Company") (i) has priced a private offering of 500 million aggregate principal amount of 5.75% senior unsecured notes due 2030 and (ii) has received commitments from lenders to reprice its first-priority senior secured term loan facility maturing in 2028 and its first-priority senior secured term loan facility maturing in 2027. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. Such press release includes forward-looking statements. See "Cautionary Note Concerning Forward-Looking Statements" within the press release for additional information.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release of Carnival Corporation and Carnival plc dated April 19, 2024 104 Cover Page Interactive Data File (embedded with the Inline XBRL document).

SIGNATURES

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: April 19, 2024 Date: April 19, 2024