04:38 PM EDT, 07/16/2025 (MT Newswires) -- Carnival (CUK, CCL) said late Wednesday it closed a $3 billion private offering of 5.75% senior unsecured notes due 2032.

Proceeds will be used to fully repay the company's 2028 senior secured term loan, with remaining funds and cash on hand to redeem $2.4 billion of 5.75% senior unsecured notes due 2027.

Carnival said it issued a conditional notice to redeem the 2027 notes effective Thursday, and confirmed that the condition for redemption was satisfied upon closing of the new offering.