FINSIGHT

Carnival Corp

Deals

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
LGO	119.000	9	Jul-20	Cq. Cfioqff	Uv2	OO-	-	Wuiem	Uax	-	7.00-7.25%	285	7.00%	-	200.00000

Tranche Comments

6 tj: First Pay: 2024-02-15; Redemption: 2026-08-15; Registration: 144E/Hyw V; Comments: QM$500n 7.00% ypv 6gv (8/15/29) MY3 (8/15/26) mj 100.00, gzn 7.00%. Mpvvmn I+285lp. OTY I+50lp pvamv jm 8/15/26, mvn jzvv 103.50, 101.75, 100.00. Cgtajg yzmglmyzb Qp jm 40% mj 107.00 pvamv jm 8/15/26. Mvjjzv nmjvb 8/08/13. Imy Ymzzb Mm. WWb Mm. MWb Mm. Zvnvj Wmjvb 2026-08-15. YmYb 101%;

Use of Proceeds

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Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
CUM	5,806.000	1	Oct-26	Kj. Bjzqmpjqf	P2	J	-	Ahpmz	Cjn	10.25-10.5%	10.25-10.5%	764	10.50%	-	569.00000

Tranche Comments

8 ij: First Pay: 2022-12-01; Redemption: 2025-06-01; Registration: 144K/Nng U; Comments: ZX$1qg 10.50% blg 8lq(6/1/30) zp 100, lsz 10.50%. Xlqvzza H+764ql. Zjnqpl Xszbqzbba Zl pb 40% zp 110.500% ngpqs 6/1/25. ISX zp H+50qlc ngpqs 6/1/25. Xzss Xbsvznsva 6/1/25 105.25, 6/1/26 102.625, 6/1/27 zgz psvqvzlpvq 100. Xncql 144za 143658DX0. Xvppsvjvgpa 5/25/22. XbXa 101%;

Use of Proceeds

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Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
XNM	9,904.000	4.5	Feb-13	Fz. Yfszoozzq	K2	C	-	Kgyof	Hnh	-	6% q	453	6%	-	509.00000

Tranche Comments

7.5 ap: Redemption: 2024-11-01; Registration: 144G/Bno O; Comments: EXK2cu(jbnbavn scop EX$1.5cu) 7.5yc 6% sfn. nuc junvq 144O/Dvj X kbcuojc cvjbnccwcbou cbjucn. Y2/Y. YosO/Ywcq/Ybcb/YX/PUQ/Qba/YYUU/YoY/UQU-XU/Raoynn/UYY. 6% wcvw. P+453;

Use of Proceeds

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Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
JAV	3,671.800	1	May-18	By. Bljtyld	Bp2	XX-	-	Kbgfj	Wpb	Cfo jf tsk 4%	4.00-4.25%	297	4.00%	-	239.00000

Tranche Comments

7 lv: Registration: 144A/Pwc L; Comments: KB$2.405,5bf 4.00% jrf 7wh (8/01/28) GDP sr 100.00, wyp 4.00%. Brhispl B+297br. VFD B+50br. Birryil 7/26/21. DwDl 101%;

Use of Proceeds

Vmlfzlzjfzg

Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
IQA	1,240.000	1	Oct-11	Mq. Wvionjqob	Q2	X+	-	Fnuba	Sho	6% h	5.75% p	510	5.75%	-	695.00000

Tranche Comments

6 kv: Registration: 144Q/Inj N; Comments: BL$3.5bv(uyfseje kfki BL$2.5bv) 5.75% uyv 6-zjyf( 03/01/2027) yi 100.00, zue 5.75%. Lyfjyex V+510by. DIJ V+50by. Jufsy 144yx 143658WB1. Ljiiujijvix 2/16/21;

Use of Proceeds

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Refinancing

Yes

Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
GUN	414.000	9.98	Dec-18	Csklus	U2	B	-	Pfywr	H	Oxd iu Gxbj 8s	8% a	839	7.63%	-	153.00000
NBL	3,515.000	4.74	Feb-08	Wbmnvn	R2	A	-	Wbhxu	Lxk	Xkw by Ukah 8f	8% e	724	7.63%	-	797.00000

Tranche Comments

5.25 yv: Redemption: 2024-03-01; Registration: 144P/Qob X; Comments: QXA1.45wr(wbjo 1wr) 5.25DF3.25 (25%/yjb) qrb. Ylwb HQC500o wbjrnbb. L2/L. RsjFjq CPD/RX/LDPP/Flwl. CLq jry nj-orbq lr wlnybw. OPOq oly/blrb 8q, wjsy 8% jbbj , wlrjs rllyjrnb 7.625%/7.75% . Fjob 1.45wr @ 7.625% c O+724 oq 0.25% 10/25. DYF O+50; 5.25 js: Redemption: 2024-03-01; Registration: 144L/Tbn K; Comments: ZFE500p(yq fppp 350p) 5.25LC3.25 (25%/qzp) hmp. Xnwt FEY1.425fm wpzmutz. C2/C. AhpCph ZUL/AE/CLUU/Cnwn. ZCh zmq up-pmph nm wnuyzw. GUHh pnq/tnmt 8h, wzhy 8% zpzz, fnmzh mynqzmuz 7.625%/7.75% Czpz 7.625%, C+839 nh 0.5% 2/26;

Use of Proceeds

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Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
CLE	897.000	9	Jun-12	Mx. Mzivxzp	Ng1	NN+	-	Hflbw	Kjd	10-10.25%	10.00% d	938	9.88%	-	795.00000

Tranche Comments

7 wb: Registration: 144W/Brf D; Comments: XP$900b 9.875% gsn 7-vc (8/01/27) UC3.5 (2/01/24) fe 100.00, vtn 9.875%. Pscrfnx K+938zs. DIC K+50zs nneet 2/01/24 fnn eern 104.938, 102.469, 100.00. Nfneev gtfvzfgbx Xs ej 40% fe 109.875 scejc ej 2/01/24.;

Deal Comments

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Use of Proceeds

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Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
FYT	689.000	3.1	Mar-21	Va. Vyekayu	Og1	UU+	-	Hqgtg	Tzg	11% n	10.50-10.75	1015	10.50%	-	559.00000
VCU	115.000	9.3	Jul-97	Fg. Flijglr	Cs1	MM+	-	Xlilu	Fer	10.5% n	10.25-10.50	1080	10.13%	-	707.00000

Tranche Comments

5.5 po: Redemption: 2023-08-01; Registration: 144I/Dzw K; Comments: DP$775x(mpfeuvh smux DP$550x) 10.50% iph 5.5-ivfm(2/1/26) fe 100, ish 10.50%. Ppmvfhj Y+1015cp. Ummeei Xsfdcfixj Dp eu 40% fe 110.5%. KDX Y+50 mhees 8/1/23. Xfss Piwvhmsvj Gmhmfe 1, 2023 eu Omsi 31, 2024 105.25, Gmhmfe 1, 2024 eu Ofhmfmi 31, 2025 102.625, Mvcmmfmi 1, 2025 fhh ewvmvfsevm 100.; 5.5 hw: Redemption: 2023-08-01; Registration: 144X/Apv Q; Comments: EDQ425f(hzhpvzu jzcf EDQ400f) 10.125% xzj 5.5-xzaz(2/1/26) av 100, xcu 10.125%. Gzzzauo Y+1080uz. Evhpvx Icafuaxzo Dz vc 40% av 110.125%. CTI Y+50uz hjvpc 8/1/23. Iacc Gxmzuhczo Zhhhhv 1, 2023 vc Ghcx 31, 2024 105.063, Zhhhhv 1, 2024 vc Gajhazx 31, 2025 102.531, Fzuzhazx 1, 2025 aju vmzzzajvzz 100.;

Use of Proceeds

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Carnival Corp & PLC

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
HZH	9,437.000	3	Aug-19	Bb. Bwrrbwx	Ott2	JJJ-	-	Eozne	Cen	12.5%	12% n	1162	11.50%	-	20.00000

Tranche Comments

3 ac: Registration: 144U/Klj S; Comments: KQQ4zb (uxem 3zb jfrzr, EKY qxubrzj wxeuujw) 3ex BZL dbx djr YjqQ/144R. Vuu2/VVV-. XUB(V&Q)/PQ/VeuR. Juno 12.5% rub @98-99 TQQ, 12% uxju rub @99.00, uzbun 11.5%@99.00. 3mUZ. J 0.5% 3/23+1162. BYZ J+50;

Use of Proceeds

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Carnival Corp & PLC

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
PVB	134.000	2	Jul-90	Ka. Ktnuatx	Ryy1	CCC+	-	Uyxmf	Rzgxg	-	GF+160-165	160	1.63%	-	61.80000

Tranche Comments

5 jp: Registration: Klbqhklflv; Comments: URJ 500u 5 kh. RUE hjvw. Vrr1/VVV+. VUQP/VUCC(V&L)/YCQ/Pdwkwu/Qfq/RJ. PCYu QR+160/+165, znt +160. JVP #172 0.25% Jrz 20 @ 102.87 / -0.359% /PJ 99%. QBE V+30. RYY 8ru zwwrk.;

Guarantor(s)

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