Carnival (CCL) said late Friday it completed a private offering of $1 billion of 5.750% senior unsecured notes maturing in 2030.
The company used the proceeds and cash on hand to redeem $1 billion of 10.500% senior unsecured notes due 2030, reducing interest expense by over 4.5%.
The offering and redemption are expected to reduce net annual interest expense by approximately $45 million, Carnival said.
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