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Cruising : Carnival Corporation Purchase of Shares

In accordance with Carnival Corporation & plc’s (NYSE/LSE: CCL; NYSE: CUK) previously announced stock swap program, Carnival Corporation & plc announces that on 1 July 2021, Carnival Corporation purchased 167,000 Carnival plc ordinary shares at a volume-weighted average price paid of £17.00 per share. The highest price paid was £17.15 per share and the lowest price paid was £16.78 per share.
The shares will be held by Carnival Corporation in accordance with the terms of the articles of association of Carnival plc and will not carry voting rights for so long as they are held by Carnival Corporation or its subsidiaries.  None of the purchased shares will be canceled or held as treasury shares.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, a schedule containing detailed information about the individual purchases is set forth below.

Seabourn

Carnival Corporation and Carnival plc announce amendment of Term Loan Facility

On another side Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announcement that a joint Current Report on Form 8-K was filed with the U.S. Securities and Exchange Commission (the “Commission”). As described in the joint Current Report on Form 8-K, on June 30, 2021 (the “Effective Date”), Carnival Corporation (the “Company”) entered into Amendment No. 2 to Term Loan Agreement, by and among the Company and Carnival Finance, LLC, as borrowers, Carnival plc, as a guarantor, certain other subsidiary guarantors party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (the “Amendment”).
The Amendment amended the Company’s first-priority senior secured term loan facility entered into on June 30, 2020 (the “Original Closing Date”) (the “Term Loan Facility”), which consists of a tranche in an original aggregate principal amount of $1,860 million and a tranche in an original aggregate principal amount of €800 million, each of which matures on June 30, 2025.
The Amendment amended the Term Loan Facility to, among other things, reduce the interest rate to a rate per annum equal to (x) with respect to loans funded in U.S. dollars, adjusted LIBOR with a 0.75% floor, plus a margin equal to 3.00% (which is 4.50% per annum lower than the LIBOR margin under the Term Loan Facility prior to the Amendment), or (y) with respect to loans funded in Euro, EURIBOR with a 0.00% floor, plus a margin equal to 3.75% (which is 3.75% per annum lower than the EURIBOR margin under the Term Loan Facility prior to the Amendment).
PJT Partners is serving as an independent financial advisor to Carnival Corporation and Carnival plc.
The description of the Amendment and the Term Loan Facility above is qualified in its entirety by reference to the text of the Amendment, which is attached as Exhibit 10.1 to the joint Current Report on Form 8-K and is incorporated by reference into this announcement.

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