Business
Carnival Closing Equity Offering, Repurchase of...
Carnival Closing Equity Offering, Repurchase of....
About this update from Carnival Plc
[{"type":"text","content":"\n \n Carnival Corporation & plc Announces Closing of an Equity Offering and Repurchase of Convertible Notes\n MIAMI, Aug. 7, 2020 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), one of the world's largest leisure travel companies, today announced that Carnival Corporation (the \"Corporation\") has closed its previously announced registered direct offering of 93,663,808 shares of its common stock at a price of $14.02 per share to a limited number of holders of its 5.75% Convertible Senior Notes due 2023 (the \"Convertible Notes\"). The Corporation used the proceeds from this closing to repurchase $836,284,000 principal amount of its Convertible Notes in privately negotiated transactions.\n The Corporation expects to close an additional 5.5 million shares as part of the registered direct offering on August 10, 2020. The Corporation intends to use the proceeds from the August 10th closing to repurchase an additional $49.3 million principal amount of its Convertible Notes in a privately negotiated transaction. \n Following these note repurchases, an aggregate of $1,126,911,000 principal amount of the Corporation's Convertible Notes will remain outstanding.\n Goldman Sachs & Co. LLC acted as the exclusive placement agent for the registered direct offering. PJT Partners LP served as independent financial advisor to the Corporation for the registered direct offering. A shelf registration statement relating to the shares was previously filed with the U.S. Securities and Exchange Commission (\"SEC\") and is effective. The registered direct offering was made only by means of a prospectus supplement and an accompanying base prospectus. A prospectus supplement and accompanying base prospectus relating to the registered direct offering have been filed with the SEC and are available on the SEC's website at www.sec.gov. Copies of the prospectus supplement and accompanying base prospectus relating to the registered direct offering may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]).\n This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock or any other securities and shall not co...