"Simpson Thacher Advises on Carnival Corporation's $1.25 Billion Senior Unsecured Notes Offering"

"Simpson Thacher advised initial purchasers in Carnival Corporation's private offering of $1.25 billion in 5.125% senior unsecured notes due 2029. The proceeds will be used to redeem existing 6.000% senior unsecured notes due 2029. Carnival is the largest global cruise company, operating several well-known cruise lines."

Simpson Thacher represented the initial purchasers in the private offering of senior unsecured notes by Carnival Corporation. In this transaction, Carnival Corporation offered an aggregate principal amount of $1.25 billion of 5.125% senior unsecured notes due 2029, with the net proceeds intended to redeem all outstanding 6.000% senior unsecured notes due 2029. Carnival is recognized as the largest global cruise company and one of the largest leisure travel companies, operating a portfolio that includes renowned cruise lines such as AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn. The Simpson Thacher team involved in this transaction included the following lawyers: John C. Ericson, John G. O’Connell, Erin Camia, Kelly Johnson, and Sandy Cho from the Capital Markets practice; Michael Mann and Paul Jansch from the Tax practice; Pasco Struhs and Jeanne Annarumma from Executive Compensation and Employee Benefits; Sara Liu from Intellectual Property; and Jennie Getsin from Blue Sky.

"Simpson Thacher Advises on Carnival Corporation's $1.25 Billion Senior Unsecured Notes Offering"

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