Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent, joint lead arranger and global coordinator in connection with a new $4.5 billion revolving credit facility (the “New Revolver”) for Carnival Corporation and Carnival plc. The New Revolver will replace the existing multi-currency revolving credit agreement entered into by Carnival Holdings (Bermuda) II Limited, a subsidiary of Carnival Corporation. Borrowings under the New Revolver may be used for working capital and general corporate purposes.
Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn.
The Simpson Thacher team included Matthew Farrell, Mari Zaldivar, Elizabeth Greene, Win Lalley, Daniel Song and Grace Bendik (Credit); Michael Mann and Paul Jansch (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Timothy Mulvihill (Environmental); Courtney Welshimer and Paige Brinton (Intellectual Property). Summer Associate Bryant Zhang provided valuable assistance.