Carnival signs $4.5 billion revolving credit facility maturing June 2030
Carnival Corporation and Carnival plc entered into a new $4.5 billion multi-currency revolving credit agreement on June 13, 2025, which replaces an existing revolver of $1.9 billion, €0.9 billion and £0.1 billion. The company said the facility adds liquidity and extends the maturity, which matters to shareholders because it increases the funding available for working capital and general corporate purposes, while the new borrowings are an additional obligation.
- New revolver totals $4.5 billion and matures June 13, 2030, with JPMorgan Chase Bank, N.A. as administrative agent.
- It replaces the existing $1.9 billion, €0.9 billion and £0.1 billion multi-currency revolver held by Carnival Holdings (Bermuda) II Limited.
- An accordion feature allows up to $1.0 billion of additional revolving commitments.
- The facility is unsecured and initially guaranteed on an unsecured basis by the same subsidiaries that guarantee the senior secured term loans.