Carnival PLC & Corp - Miami, Florida-based cruise operator - Starts a private offering of new senior unsecured notes for amount of $1.0 billion, expected to mature in 2031, to refinance the company’s $993 million 7.625% senior unsecured notes due 2026. As a result, Carnival expects to reduce interest expenses and manage its future debt maturities. Carnival will issue a conditional notice of redemption for the entire outstanding principal amount of the 2026 unsecured notes to be redeemed on or about May 22, at a redemption price equal to 100.0% of the principal amount of the 2026 unsecured notes to be redeemed. Carnival expects to fund the redemption using the net proceeds from the notes offering.
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