Simpson Thacher represented the initial purchasers in connection with the private offering by Carnival Corporation (“Carnival”) of an aggregate principal amount of $1.25 billion of 5.125% senior unsecured notes due 2029.
Carnival will use the net proceeds from the notes offering to redeem all of the outstanding 6.000% senior unsecured notes due 2029.
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, Erin Camia, Kelly Johnson and Sandy Cho (Capital Markets); Michael Mann and Paul Jansch (Tax); Pasco Struhs and Jeanne Annarumma (Executive Compensation and Employee Benefits); Sara Liu (Intellectual Property); and Jennie Getsin (Blue Sky).