plc

Carnival Corporation & plc Announces an Equity Offering and Repurchase of Convertible Notes

MIAMI, Aug. five, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), a person of the world’s most significant leisure vacation organizations, today introduced that Carnival Company (the “Company”) priced a registered immediate offering (the “Giving”) of an aggregate of ninety nine,185,968 shares (the “Shares”) of its frequent inventory at a cost of $14.02 for every share to a minimal selection of holders (the “Holders”) of its five.seventy five% Convertible Senior Notes owing 2023 (the “Convertible Notes”). The Company intends to use the proceeds from the Giving to repurchase from these types of Holders an aggregate of $885,589,000 principal total of its Convertible Notes (the “Take note Repurchases,” and collectively with the Giving, the “Transactions”) in privately negotiated transactions.

On a net foundation, the Company will not acquire any proceeds from the Transactions and will pay out customary costs and bills in link therewith. Thus, the Transactions will not have a material effects on the Corporation’s dollars place. Subsequent the Take note Repurchases, an aggregate of $1,126,911,000 principal total of the Corporation’s Convertible Notes will continue to be excellent.

The Giving is envisioned to shut on August seven, 2020 (other than with regard to five.five million Shares which is envisioned to shut on August 10, 2020), matter to customary closing problems. The Take note Repurchases are envisioned to shut promptly pursuing the closing of the Giving (other than with regard to $forty nine.3 million aggregate principal total of the Take note Repurchases which is envisioned to shut on August 10, 2020), matter to customary closing problems.

Goldman Sachs & Co. LLC is performing as the exclusive placement agent for the Giving. PJT Partners LP is serving as impartial economical advisor to the Company for the Giving. A shelf registration assertion relating to the Shares was beforehand submitted with the U.S. Securities and Trade Fee (“SEC“) and is efficient. The Giving was manufactured only by means of a prospectus dietary supplement and an accompanying base prospectus. A preliminary prospectus dietary supplement and accompanying base prospectus relating to the Giving have been submitted, and a ultimate prospectus dietary supplement will be submitted with the SEC and will be readily available on the SEC’s internet site at www.sec.gov. Copies of the preliminary prospectus dietary supplement and accompanying base prospectus relating to the Giving may be received from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Road, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.e mail.gs.com.

This push launch does not constitute an present to promote or a solicitation of an present to invest in shares of frequent inventory or any other securities and shall not constitute an present, solicitation or sale in any jurisdiction in which these types of an present, solicitation or sale would be illegal prior to the registration and qualification beneath the securities legal guidelines of these types of state or jurisdiction.

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