Carnival Corp plans to save $120m a year in interest payments on its debt by replacing $1.2bn in high-cost debt with $1.5bn in new cheaper secured debt.
The New York-listed cruise giant said that it intends to assume a new senior secured first-lien term-loan facility with an original principal amount of $1bn that is expected to mature in 2027.
Josh Weinstein-led firm said it may also raise $500m of other secured debt maturing in 2029.
