Carnival Corporation & plc announces repricing of Senior secured first term Loan B facilities as part of ongoing interest expense reduction
Carnival Corporation & plc announced that Carnival Corporation has closed its repricing of approximately $700 million of term loans under its first-priority senior secured term loan facility maturing in 2027 and approximately $1.75 billion of term loans under its first-priority senior secured term loan facility maturing in 2028 .
The Repricing Transactions are a continuation of the Company’s ongoing interest expense reduction. The reduction in interest rates is expected to result in interest expense savings of approximately $18 million on an annualized basis.
The 2027 Repriced Loans and the 2028 Repriced Loans bear interest at a rate per annum equal to SOFR with a 0.75% floor, plus a margin equal to 2.00%
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