Carnival to Redeem $500M 7.000% Notes Due 2029 at 103.5%
Carnival filed to redeem all $500 million of its 7.000% first-priority senior secured notes due 2029, retiring them on Aug. 15 at 103.5% of principal. The move follows June’s second investment-grade rating, but Middle East-related volatility led Carnival to cut full-year yield guidance. Street models project EBITDA declines before rebounding in 2027.