On April 21, 2025, Carnival Corporation (CCL, Financial) announced a significant financial maneuver aimed at strengthening its balance sheet. The company has issued a notice of redemption for $350.0 million of its outstanding principal amount from the $1.4 billion 7.625% senior unsecured notes due in 2026. The redemption is scheduled for May 1, 2025, at a redemption price equal to 100.0% of the principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date.
This strategic move is part of Carnival Corporation's ongoing efforts to deleverage and reduce its interest expenses, thereby enhancing its financial stability. The company emphasizes that this announcement does not constitute a formal notice of redemption for the 2026 Unsecured Notes.
The information was disclosed in a Current Report on Form 8-K to comply with Regulation FD, ensuring transparency and compliance with the Securities Exchange Act of 1934. This action reflects Carnival Corporation's commitment to maintaining a robust financial framework and delivering value to its stakeholders.
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