Business
Carnival Announces Closing of Senior Secured Notes
Carnival Announces Closing of Senior Secured Notes.
About this update from Carnival Plc
[{"type":"text","content":"\n \n Carnival Corporation & plc Announces Closing of $775 10.500% Second-Priority Senior Secured Notes due 2026 and €425 10.125% Second-Priority Senior Secured Notes due 2026\n MIAMI, July 20, 2020 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), one of the world's largest travel and leisure companies, today announced that Carnival Corporation (the \"Corporation\") has closed its private offering of $775 million aggregate principal amount of 10.500% Second-Priority Senior Secured Notes due 2026 (the \"USD Notes\") and €425 million aggregate principal amount of 10.125% Second-Priority Senior Notes due 2026 (the \"Euro Notes\" and, together with the USD Notes, the \"Secured Notes\"). The Corporation expects to use the net proceeds from the offering of the Secured Notes for general corporate purposes.\n The Secured Notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Secured Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.\n This press release does not constitute an offer to sell or a solicitation of an offer to buy the Secured Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.\n About Carnival Corporation & plc\n Carnival Corporation & plc is one of the world's largest leisure travel companies with a portfolio of nine of the world's leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.\n Cautionary Note Concerning Factors That May Affect Future Results\n Carnival Corporation and Carnival plc and their respective subsidiaries are referred to collectively in this press release as ...