Carnival (CCL, CUK) said late Wednesday it closed a private offering of $1.25 billion of 5.125% senior unsecured notes due 2029.
The company said it will use the proceeds, along with cash on hand, to completely redeem $2.0 billion of its 6% senior unsecured notes due 2029 on Nov. 1, as part of efforts to lower interest expense, according to a statement.
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