Simpson Thacher Represents Initial Purchasers in Offering of $1 Billion of Senior Unsecured Notes by Carnival
05.25.22
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Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the private offering by Carnival Corporation (“Carnival”) (NYSE: CCL) of an aggregate principal amount of $1 billion of 10.5% Senior Unsecured Notes due 2030.
Carnival intends to use the net proceeds from this offering to make scheduled principal payments on debt during fiscal 2023 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 Jessica Shieh (Capital Markets); Michael Mann and Scott Grundei (Tax); Melanie Jolson (Intellectual Property); Jeanne Annarumma (ECEB); and Jennie Getsin (FINRA and Blue Sky).