Carnival PLC late Wednesday said it has closed its private offering of $1.00 billion for the aggregate principal amount of 10.5% senior unsecured notes due in 2030.

The Miami, Florida-based cruise ship operator said that net proceeds from the notes will go towards making scheduled payments on debt during its 2023 financial year, as well as general corporate purposes, including rental payments and maintenance of cruise ships.

The senior notes will pay interest semi-annually at the start of June and December of each year, at a rate of 10.5% until June 2025, after which it will be callable.

Shares in Carnival closed 1.4% higher at 884.40 pence on Wednesday in London.

Copyright 2022 Alliance News Limited. All Rights Reserved.