Carnival Completes €1 Billion Private Notes Offering With Investment Grade-Style Covenants 

Paul, Weiss advised Carnival Corporation & plc in its private offering of €1 billion aggregate principal amount of 4.125% senior unsecured notes due 2031. Carnival will use the proceeds from the offering, completed on July 7, to repay borrowings under its senior secured term loan facilities. The indenture that governs the notes has investment grade-style covenants.

The Paul, Weiss team was led by corporate partners John Kennedy and Luke Jennings, and included tax partner Brian Grieve and counsel Christina Cerrito; and executive compensation counsel Jake Glazeski.