Carnival corporation has priced its private offerings of dollarand euro denominated notes, Carnival corporation & plc said in a statement.

The company priced $775 million aggregate principal amount of 10.500% second-priority senior secured notes due 2026 of the Corporation and €425 million aggregate principal amount of 10.125% second-priority senior secured notes due 2026. “The offering of the Notes is expected to close on July 20, 2020, subject to customary closing conditions,’” the company said.

“The USD Notes and the Euro Notes will pay interest semi-annually on February 1 and August 1 of each year, beginning on February 1, 2021, at a rate of 10.500% and 10.125% per year, respectively. The Notes will mature on February 1, 2026,’ Carnival said.

Carnival Corporation is the US listed and Panama domiciled holding company in the Carnival group. Carnival plc is listed and domiciled in the UK.