Carnival Completes €1.0 Billion Senior Unsecured Notes Offering
07.08.25
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Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities plc, in connection with the private offering by Carnival plc, guaranteed by Carnival Corporation (together with Carnival plc, “Carnival”), of an aggregate principal amount of €1.0 billion of 4.125% senior unsecured notes due 2031.
Carnival expects to use the net proceeds from the notes offering to repay senior secured term loan indebtedness.
Carnival 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 for the transaction included John C. Ericson, John G. O’Connell and Kelly Johnson (Capital Markets); Michael Mann and Paul Jansch (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).