On November 3, 2026, Carnival Corporation Ltd. established a commercial paper program allowing the issuance of up to $2.0 billion in aggregate principal amount of short-term, unsecured notes with maturities of up to 180 days. The notes are guaranteed by Carnival UK Ltd. and will rank pari passu with other unsubordinated indebtedness. Net proceeds are expected for general corporate purposes, supported by a revolving credit facility as a liquidity backstop. This financing arrangement provides flexible short-term funding capacity. Carnival Corporation Ltd. operates cruise lines and travel services globally.
