Carnival to fully redeem euro-denominated 7 5/8% notes due 2026

By Mary-Katherine Stinson

Lexington, Ky., April 16 – Carnival Corp. issued a conditional notice of redemption for the entire outstanding principal amount of its €500 million 7 5/8% senior unsecured notes due 2026, according to a company release.

The notes will be redeemed on or about April 26 at 101.906.

Accrued interest will also be paid.

The company expects to fund the redemption using the net proceeds from its €500 million offering of senior bullet notes due January 2030 and cash on hand, and the redemption is conditioned on the closing of the new notes offering.

Carnival is a Miami-based cruise line.

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