diff --git a/include/initcall.h b/include/initcall.h
index 78d15afe69..b5acdd01bd 100644
--- a/include/initcall.h
+++ b/include/initcall.h
@@ -30,11 +30,13 @@ static inline int initcall_run_list(const init_fnc_t init_sequence[])
 #ifdef CONFIG_EFI_APP
 		reloc_ofs = (unsigned long)image_base;
 #endif
-		debug("initcall: %p", (char *)*init_fnc_ptr - reloc_ofs);
 		if (reloc_ofs)
-			debug(" (relocated to %p)\n", (char *)*init_fnc_ptr);
+			debug("initcall: %p (relocated to %p)\n",
+					(char *)*init_fnc_ptr - reloc_ofs,
+					(char *)*init_fnc_ptr);
 		else
-			debug("\n");
+			debug("initcall: %p\n", (char *)*init_fnc_ptr - reloc_ofs);
+
 		ret = (*init_fnc_ptr)();
 		if (ret) {
 			printf("initcall sequence %p failed at call %p (err=%d)\n",