Business
Correction - Carnival Announces Offering of Com...
Correction - Carnival Announces Offering of Com....
About this update from Carnival Plc
[{"type":"text","content":"\n \n Please be advised of the following amendment to the \"Carnival Announces Senior\nSecured Note Offerings\" announcement released today at 12:47 under PRN\nReference Number PRNUK-3103201246-93E9.\nThe adjusted headline should read, \"Carnival Announces Offering of Common\nStock\" rather than \"Carnival Announces Senior Secured Note Offerings\" as\noriginally issued.\nThe text below remains unchanged.\n \n Carnival Corporation & plc Announces Offering of Common Stock\n MIAMI, March 31, 2020 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, today announced that Carnival Corporation (the \"Corporation\") has commenced an underwritten public offering of $1.25 billion of shares of common stock of the Corporation. The Corporation intends to grant the underwriters an option to purchase up to $187.5 million of additional shares. The Corporation expects to use the net proceeds from the offering for general corporate purposes.\n The Corporation also announced by separate press release that it has commenced private offerings to eligible purchasers of $3 billion aggregate principal amount of first-priority senior secured notes due 2023 and $1.75 billion aggregate principal amount of senior convertible notes due 2023 (or up to $2.0125 billion aggregate principal amount if the initial purchasers exercise in full their option to purchase additional convertible notes). Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the senior secured notes or the convertible notes. None of the closings of the offerings of shares of common stock, senior secured notes or convertible notes is conditioned upon the closing of any of the other offerings or vice versa.\n BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers for the offering. A shelf registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (\"SEC\") and has become effective. The offering may be made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the prel...