Carnival to market term loan facility

2021-10-15T08:28:02+00:00 October 14th, 2021|Finance|

Carnival Corp is to start marketing a first-priority senior secured term loan facility.

This has an original principal amount of $1.5 bill and matures in 2028.

The company said that it intended to use the proceeds from the facility to redeem a portion of the company’s 11.5% First Priority Senior Secured Notes, due 2023, including related accrued interest, fees and expenses.

This notice does not constitute a notice of redemption with respect to the 2023 notes, Carnival stressed

PJT Partners is serving as independent financial advisor for the facility.

Carnival Corp also announced that its joint Current Report on Form 8-K was filed with the US Securities and Exchange Commission (SEC) on 4th October, 2021.