plc

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

MIAMI, Aug. 7, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), one particular of the world’s largest leisure journey corporations, nowadays announced that Carnival Company (the “Company”) has shut its beforehand announced registered immediate providing of 93,663,808 shares of its widespread inventory at a selling price of $14.02 for each share to a minimal quantity of holders of its 5.75% Convertible Senior Notes owing 2023 (the “Convertible Notes”). The Company applied the proceeds from this closing to repurchase $836,284,000 principal amount of its Convertible Notes in privately negotiated transactions.

The Company expects to close an added 5.5 million shares as component of the registered immediate providing on August 10, 2020.  The Company intends to use the proceeds from the August 10th closing to repurchase an added $49.3 million principal amount of its Convertible Notes in a privately negotiated transaction. 

Subsequent these observe repurchases, an mixture of $one,126,911,000 principal amount of the Corporation’s Convertible Notes will remain remarkable.

Goldman Sachs & Co. LLC acted as the exceptional placement agent for the registered immediate providing. PJT Partners LP served as unbiased monetary advisor to the Company for the registered immediate providing. A shelf registration assertion relating to the shares was beforehand submitted with the U.S. Securities and Trade Fee (“SEC“) and is successful. The registered immediate providing was designed only by usually means of a prospectus supplement and an accompanying foundation prospectus. A prospectus supplement and accompanying foundation prospectus relating to the registered immediate providing have been submitted with the SEC and are available on the SEC’s site at www.sec.gov. Copies of the prospectus supplement and accompanying foundation prospectus relating to the registered immediate providing may perhaps be obtained from Goldman Sachs & Co. LLC, Prospectus Section, two hundred West Road, New York, New York 10282, telephone: one-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.electronic mail.gs.com).

This press release does not constitute an give to market or a solicitation of an give to buy shares of widespread inventory or any other securities and shall not constitute an give, solicitation or sale in any jurisdiction in which these kinds of an give, solicitation or sale would be unlawful prior to the registration and qualification below the securities regulations of these kinds of point out or jurisdiction.

About Carnival Company & plc

Carnival Corporation & plc is one particular of the world’s largest leisure journey corporations with a portfolio of 9 of the world’s primary cruise traces. With operations in North The us, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland The us Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (Uk) and Cunard.

Cautionary Take note Concerning Variables That Could Impact Long run Benefits

Carnival Company and Carnival plc and their respective subsidiaries are referred to collectively in this press release, as “Carnival Company & plc,” “our,” “us” and “we.” Some of the statements, estimates or projections contained in this document