Carnival Corporation’s $1 Billion Senior Unsecured Notes Offering

Paul, Weiss represented Carnival Corporation & plc, while Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities.

Carnival Corporation announced its offering 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 (Picture), 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).

The Paul, Weiss team included corporate partners John Kennedy, Caith Kushner and Lawrence Wee, and counsel Patricia Vaz de Almeida; and tax partner Brian Grieve.

Involved fees earner: Brian Grieve – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Caith Kushner – Paul Weiss Rifkind Wharton & Garrison; Patricia Vaz de Almeida – Paul Weiss Rifkind Wharton & Garrison; Lawrence Wee – Paul Weiss Rifkind Wharton & Garrison; Jeanne Annarumma – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Jieun Lim – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Jessica Shieh – Simpson Thacher & Bartlett;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Simpson Thacher & Bartlett;

Clients: Carnival Corporation & plc; JP Morgan;

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Author: Youness Semri