Carnival Corporation Ltd. filed a Form 8-K on August 5, 2026, disclosing a notice of redemption for all $500,000,000 aggregate principal amount of its 7.000% First-Priority Senior Secured Notes due 2029, with the redemption set for August 15, 2026.

Key Highlights

  • Full redemption announced: All $500,000,000 aggregate principal amount of the 7.000% First-Priority Senior Secured Notes due 2029 will be redeemed on August 15, 2026.
  • Redemption price: Holders will receive 103.50% of the principal amount of the 2029 Notes.
  • Interest payment: Because the redemption date falls on an interest payment date, accrued and unpaid interest will be paid to holders registered at the close of business on July 31, 2026.
  • Collateral fell away: On June 25, 2026, the collateral securing the 2029 Notes fell away after the company received a second investment grade credit rating, rendering the notes unsecured.
  • Regulation FD disclosure: The information was furnished under Item 7.01 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

Carnival Corporation Ltd. Calls 2029 Notes at 103.50% Amid Investment Grade Status

According to the filing, Carnival Corporation Ltd. (NYSE: CCL) issued a notice of redemption on August 5, 2026, covering the entire $500,000,000 aggregate principal amount of its 7.000% First-Priority Senior Secured Notes due 2029. The company disclosed that the redemption will occur on August 15, 2026, at a price equal to 103.50% of the principal amount of the 2029 Notes.

The filing noted that because the redemption date coincides with a scheduled interest payment date, accrued and unpaid interest will be distributed to holders of record as of the close of business on July 31, 2026, the record date preceding the August 15, 2026 interest payment date. The company did not specify a separate accrued interest amount in the filing.

A significant prior event was also disclosed: on June 25, 2026, pursuant to the indenture governing the 2029 Notes, the collateral securing those notes fell away upon the company's receipt of a second investment grade credit rating, resulting in the 2029 Notes becoming unsecured prior to their redemption. The filing was signed by David Bernstein, identified as Chief Financial Officer and Chief Accounting Officer of Carnival Corporation Ltd.

What Was Disclosed

Carnival Corporation Ltd. disclosed a full redemption of its $500,000,000 7.000% First-Priority Senior Secured Notes due 2029 at 103.50% of principal, effective August 15, 2026, and noted that the notes became unsecured on June 25, 2026, following receipt of a second investment grade credit rating.