July 19, 2024

Eurocean 2004

Life is an adventure

Carnival Corporation & plc Announces Closing of $3.5 Billion 5.75{46dd52bca0123ad67b2d1222819e83fd0a56e45ca5068239f05f0c514f1e20f9} Senior Unsecured Notes due 2027

MIAMI, Feb. 16, 2021 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK) now introduced that Carnival Company (the “Corporation”) has shut its personal supplying of $3.5 billion mixture principal amount of 5.75{46dd52bca0123ad67b2d1222819e83fd0a56e45ca5068239f05f0c514f1e20f9} senior unsecured notes thanks 2027 (the “Unsecured Notes”).

The Corporation expects to use the internet proceeds from the presenting of the Unsecured Notes to make scheduled principal payments on personal debt through 2021 and for normal company uses, such as, with no limitation, the financing or refinancing of a part of the order selling price, rental payments, prices and expenditures connected to certain of our present-day and potential assets, plant and tools (which include leased property and vessels) and their repair, substitute and enhancements, as very well as any other payments related to our vessels’ prepared-for-sea expenditures, in each case to the extent this kind of amounts are not included by the Corporation’s present and long term export credit rating amenities.

The Unsecured Notes have been provided only to people fairly believed to be qualified institutional prospective buyers in reliance on Rule 144A underneath the Securities Act of 1933, as amended (the “Securities Act”) and exterior the United States, only to non-U.S. buyers pursuant to Regulation S beneath the Securities Act. The Unsecured Notes will not be registered underneath the Securities Act or any point out securities rules and may possibly not be available or marketed in the United States absent registration or an applicable exemption from the registration specifications of the Securities Act and applicable state rules.

This press launch shall not represent an provide to provide or a solicitation of an supply to buy the Unsecured Notes or any other securities and shall not constitute an supply, solicitation or sale in any jurisdiction in which this sort of an provide, solicitation or sale would be illegal.

PJT Partners is serving as impartial monetary advisor to Carnival Corporation & plc.

About Carnival Company & plc

Carnival Company & plc is a person of the world’s greatest leisure travel providers with a portfolio of nine of the world’s major cruise traces. With functions in North America, Australia, Europe and Asia, its portfolio options Carnival Cruise Line, Princess Cruises, Holland The us Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (British isles) and Cunard.

Cautionary Notice About Components That May perhaps Have an impact on Potential Success

Carnival Corporation and Carnival plc and their respective subsidiaries are referred to collectively in this press release as “Carnival Company & plc,” “our,” “us” and “we.” Some of the statements, estimates or projections contained in this push launch are “forward-hunting statements” that require pitfalls, uncertainties and assumptions with respect to us, together with some statements concerning the funding transactions explained herein, foreseeable future outcomes, functions, outlooks, plans, ambitions, popularity, money flows, liquidity and other gatherings which have not nevertheless happened.  These statements are meant to qualify for the safe and sound harbors from legal responsibility furnished by Section 27A of the Securities Act and Section 21E of the Securities Trade Act of 1934.  All statements other than statements of historical info are statements that could be deemed forward-on the lookout.  These statements are based on latest expectations, estimates, forecasts and projections about our company and the industry in which we run and the beliefs and assumptions of our management.  We have attempted, every time doable, to establish these statements by applying phrases like “will,” “may,” “could,” “really should,” “would,” “feel,” “depends,” “anticipate,” “purpose,” “foresee,” “forecast,” “project,” “potential,” “intend,” “strategy,” “estimate,” “goal,” “point out,” “outlook” and related expressions of upcoming intent or the unfavorable of these types of terms.

Forward-on the lookout statements include those statements that relate to our outlook and monetary situation such as, but not minimal to, statements concerning:

  • Pricing
  • Booking levels
  • Occupancy
  • Interest, tax and fuel expenses
  • Currency trade prices
  • Estimates of ship depreciable life and residual values
  • Goodwill, ship and trademark good values
  • Liquidity and credit history ratings
  • Altered earnings for each share
  • Impact of the COVID-19 coronavirus worldwide pandemic on our economic condition and effects of operations

Simply because ahead-looking statements require threats and uncertainties, there are numerous variables that could trigger our precise benefits, functionality or achievements to differ materially from individuals expressed or implied by our ahead-hunting statements.  This observe contains important cautionary statements of the recognised factors that we take into account could materially impact the precision of our ahead-seeking statements and adversely impact our business enterprise, results of functions and monetary position.  Moreover, a lot of of these threats and uncertainties are now amplified by, and will proceed to be amplified by, or in the potential may well be amplified by, the COVID-19 outbreak.  It is not feasible to predict or discover all such dangers.  There may perhaps be supplemental challenges that we take into consideration immaterial or which are unfamiliar. 

These components consist of, but are not constrained to, the pursuing:

  • COVID-19 has experienced, and is expected to proceed to have, a major influence on our economic situation and functions, which impacts our capability to obtain acceptable funding to fund ensuing reductions in funds from functions. The latest, and uncertain foreseeable future, influence of the COVID-19 outbreak, like its outcome on the skill or desire of persons to vacation (which includes on cruises), is anticipated to carry on to influence our outcomes, functions, outlooks, plans, ambitions, track record, litigation, dollars flows, liquidity, and stock value
  • As a final result of the COVID-19 outbreak, we may possibly be out of compliance with one particular or additional maintenance covenants in particular of our debt amenities, for which we presently have amendments for the interval by way of November 30, 2021 with the upcoming screening date of February 28, 2022
  • Entire world gatherings impacting the skill or motivation of folks to vacation have and may perhaps go on to lead to a decline in demand from customers for cruises
  • Incidents concerning our ships, company or the cruise holiday business as very well as adverse weather disorders and other pure disasters have in the earlier and may possibly, in the foreseeable future, affect the fulfillment of our company and crew and lead to reputational problems
  • Variations in and non-compliance with legislation and rules underneath which we work, these kinds of as those people relating to overall health, ecosystem, safety and security, data privateness and defense, anti-corruption, economic sanctions, trade protection and tax have in the past and may, in the long term, guide to litigation, enforcement steps, fines, penalties, and reputational hurt
  • Breaches in info stability and lapses in information privacy as perfectly as disruptions and other damages to our principal workplaces, information technologies functions and system networks, which include the latest ransomware incidents, and failure to continue to keep speed with developments in technology may perhaps adversely effect our business enterprise operations, the fulfillment of our attendees and crew and may perhaps direct to reputational destruction
  • Skill to recruit, establish and retain certified shipboard personnel who stay away from dwelling for prolonged durations of time may possibly adversely influence our business functions, guest companies and pleasure
  • Will increase in gasoline charges, alterations in the types of gas consumed and availability of gas source may well adversely effect our scheduled itineraries and expenses
  • Fluctuations in overseas forex exchange fees may perhaps adversely effect our economic effects
  • Overcapacity and opposition in the cruise and land-centered holiday vacation market could direct to a decline in our cruise profits, pricing and vacation spot possibilities and
  • Lack of ability to carry out our shipbuilding packages and ship repairs, maintenance and refurbishments might adversely effect our company operations and the gratification of our guests.

The buying of the danger aspects set forth above is not meant to replicate our indication of priority or likelihood.

Ahead-hunting statements need to not be relied on as a prediction of actual benefits.  Subject matter to any continuing obligations beneath relevant legislation or any appropriate inventory trade policies, we expressly disclaim any obligation to disseminate, soon after the day of this doc, any updates or revisions to any this kind of ahead-wanting statements to mirror any modify in expectations or situations, situations or instances on which any this sort of statements are dependent.

Cision Look at primary written content:http://www.prnewswire.com/news-releases/carnival-company–plc-announces-closing-of-3-5-billion-5-75-senior-unsecured-notes-due-2027–301229068.html

Resource Carnival Corporation & plc

Roger Frizzell, Carnival Company, [email protected], (305) 406-7862 Mike Flanagan, LDWW, [email protected], (727) 452-4538