|
Carnival PLC on Wednesday said it has closed its private offering of senior priority notes, due 2028.
The Miami, Florida-based cruise line upsized its offering to $2.08 billion from $1.25 billion last week, with a 10.375% coupon at 98.465% of face value, which it attributed to "strong investor demand".
The company expects to use the net proceeds of the offering to repay amounts drawn under a revolving credit facility, which remains available for future principal payments on debt.
The notes will pay interest semi-annually on May 1 and November 1 of each year.
Carnival shares were trading 0.9% higher at 662.60 pence each in London on Wednesday morning.
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
