MIAMI, June 13,
2025 /PRNewswire/ -- Carnival Corporation
& plc (NYSE/LSE: CCL; NYSE: CUK) (the "Company") today
announced that it has successfully arranged a new $4.5 billion multi-currency revolving credit
facility (the "New Revolver"). The New Revolver matures in
June 2030 and will replace the
existing multi-currency revolving credit facility of Carnival
Holdings (Bermuda) II Limited, a
subsidiary of Carnival Corporation. The New Revolver also contains
an accordion feature, allowing for up to $1.0 billion of additional revolving
commitments.
"This 50 percent increase in our revolver meaningfully enhances
our liquidity, providing opportunities to continue accelerating our
debt reduction efforts," said David
Bernstein, Chief Financial Officer. "Securing this
significant upsize and extension to our revolver, on more favorable
terms, also reflects confidence in our continued performance and
achieves another milestone toward rebuilding our financial
fortress."
According to Bernstein, the New Revolver is a testament to the
Company's continued business improvement and strong banking
relationships.
The New Revolver will be unsecured and initially guaranteed on
an unsecured basis by the same subsidiaries of the Company that
guarantee the Company's senior secured term loan facilities.
Carnival Corporation and Carnival plc, each as a borrower, are
entering into the New Revolver with a global syndicate of financial
institutions and JPMorgan Chase Bank, N.A., as administrative
agent.
About Carnival Corporation & plc
Carnival Corporation & plc 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.
Cautionary Note Concerning Forward-Looking Statements
Certain statements in this press release constitute
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. These statements relate to, among other things,
the financing transactions described herein, future results,
operations, outlooks, plans, goals, reputation, cash flows and
liquidity and other events which have not yet occurred.
Forward-looking statements reflect management's current
expectations and are subject to risks, uncertainties and other
factors that could cause our actual results, performance or
achievements to differ materially from the future results,
performance or achievements expressed or implied in those
forward-looking statements. Factors that could affect our results
include, among others, those discussed under the caption "Risk
Factors" in our most recent annual report on Form 10-K, as well as
our other filings with the Securities and Exchange Commission (the
"SEC"), copies of which may be obtained by visiting the
Investor Relations page of our website
at www.carnivalcorp.com/investors/ or the SEC's website
at www.sec.gov. Undue reliance should not be placed on the
forward-looking statements in this release, which are based on
information available to us on the date hereof. We undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE Carnival Corporation & plc