Simpson Thacher represented the initial purchasers, led by J.P. Morgan, in connection with the private offering by Carnival Corporation (“Carnival”) (NYSE: CCL) of an aggregate principal amount of $3.5 billion of 5.75% Senior Unsecured Notes due 2027.
Carnival intends to use the net proceeds from this offering to make scheduled principal payments on debt during 2021 and for general corporate purposes.
Carnival 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 John C. Ericson, John O’Connell, Jieun Lim and Lauren Maxfield (Capital Markets); Marcy Geller, Sophie Staples and Scott Grundei (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Steve DeLott (Insurance); Genevieve Dorment (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).