Carnival Completes $2.45 Billion Term Loan Repricing
01.14.25
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Simpson Thacher represented JPMorgan Chase Bank, N.A., as lead arranger, joint bookrunner and sole global coordinator, in connection with the repricing of Carnival Corporation’s (“Carnival’s”) approximately $700 million of term loans under its first-priority senior secured term loan facility maturing in 2027 and approximately $1.75 billion of term loans under its first-priority senior secured term loan facility maturing in 2028. The repricing transactions are a continuation of Carnival’s ongoing interest expense reduction.
Carnival is one of the world’s largest leisure travel companies, with a portfolio of world-class cruise lines.
The Simpson Thacher team for the transaction included Patrick Ryan, Matthew Farrell, Michael Ratay and Elizabeth Greene (Credit).