Carnival to redeem a portion of 11½% senior notes due 2023

By Mary-Katherine Stinson

Lexington, Ky., Oct. 4 – Carnival Corp. & plc announced it plans to redeem a portion of its 11½% first-priority senior secured notes due April 1, 2023, according to a release this morning.

The company will use proceeds from a new term loan facility to redeem the notes plus pay related accrued interest, fees and expenses.

PJT Partners is serving as independent financial adviser to the company.

Carnival is a Miami-based cruise operator.

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