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Carnival PLC - Florida, US-based cruise ship operator - Closes its repricing of about $700 million of term loans under its first-priority senior secured term loan facility maturing in 2025. Also closes repricing of about $1.75 billion of term loans under its first-priority senior secured term loan facility maturing in 2028. Says the decision represents the continuation of its ongoing interest expense reduction process. Expects repricing to result in interest expense savings of around $18 million annually. Adds that the repriced loans have a yearly interest rate equal to SOFR, with a 0.75% floor and a margin of 2.0%. Current stock price: 1,780.50 pence, up 1.0% on Tuesday afternoon in London 12-month change: up 50% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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