Carnival Corporation has successfully syndicated the repricing of its first-priority senior secured term loan facility, the US headquartered and Panama domiciled unit of the Carnival Corporation & plc group said in a statement.

The facility 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 30 June 2025,

From and after the implementation of the repricing, all outstanding amounts under the Term Loan Facility funded in U.S. dollars will bear interest at a rate per annum equal to adjusted LIBOR with a 0.75% floor, plus a margin equal to 3.00%, which is 4.50% per annum less than the LIBOR margin under the Term Loan Facility prior to the repricing.

All outstanding amounts under the Term Loan Facility funded in euros will bear interest at a rate per annum equal to EURIBOR with a 0.00% floor, plus a margin equal to 3.75%. This is 3.75% per annum less than the EURIBOR margin under the Term Loan Facility prior to the repricing, Carnival said.