Simpson Thacher represented the lead arrangers, led by JPMorgan Chase Bank, N.A., in connection with a new first-priority senior secured term loan credit facility for Carnival Corporation (NYSE: CCL), comprised of two tranches in an aggregate principal amount of $1.86 billion and €800 million, respectively. Carnival Corporation intends to use the net proceeds from this facility for general corporate purposes.
Carnival Corporation is one of the world’s largest leisure travel companies with operations in North America, Australia, Europe and Asia.
The Simpson Thacher team for the transaction included Patrick Ryan, Ben Persina, Robyn Cho, Michael Ratay, Michael Brennan and Pia Figuerola (Credit); Soogy Lee and Jon Pall (Collateral); Marcy Geller, Sophie Staples and Scott Grundei (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); and Genevieve Dorment (Intellectual Property).