Carnival
Corporation & plc Announces New $4.5
Billion Revolving Credit Facility to Upsize and Extend the
Company's Revolver Capacity
MIAMI, June 16,
2025 --
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.
CONTACT:
Carnival Corporation & plc Media Contact: Jody Venturoni, Carnival Corporation,
jventuroni@carnival.com, (469) 797-6380; Carnival Corporation &
plc Investor Relations Contact: Beth
Roberts, Carnival Corporation, eroberts@carnival.com, (305)
406-4832
Source: Carnival
Corporation & plc
