MIAMI, Aug. five, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), 1 of the world’s largest leisure travel corporations, now introduced that Carnival Corporation (the “Corporation”) priced a registered direct supplying (the “Giving”) of an aggregate of 99,185,968 shares (the “Shares”) of its frequent inventory at a cost of $14.02 per share to a constrained number of holders (the “Holders”) of its five.seventy five% Convertible Senior Notes due 2023 (the “Convertible Notes”). The Corporation intends to use the proceeds from the Giving to repurchase from such Holders an aggregate of $885,589,000 principal sum of its Convertible Notes (the “Note Repurchases,” and collectively with the Giving, the “Transactions”) in privately negotiated transactions.
On a web basis, the Corporation will not get any proceeds from the Transactions and will spend customary costs and charges in connection therewith. For that reason, the Transactions will not have a content affect on the Corporation’s money position. Subsequent the Note Repurchases, an aggregate of $1,126,911,000 principal sum of the Corporation’s Convertible Notes will continue being remarkable.
The Giving is expected to near on August seven, 2020 (apart from with regard to five.five million Shares which is expected to near on August 10, 2020), subject matter to customary closing disorders. The Note Repurchases are expected to near promptly subsequent the closing of the Giving (apart from with regard to $49.three million aggregate principal sum of the Note Repurchases which is expected to near on August 10, 2020), subject matter to customary closing disorders.
Goldman Sachs & Co. LLC is performing as the special placement agent for the Giving. PJT Partners LP is serving as unbiased economic advisor to the Corporation for the Giving. A shelf registration statement relating to the Shares was formerly filed with the U.S. Securities and Trade Commission (“SEC“) and is powerful. The Giving was designed only by implies of a prospectus supplement and an accompanying foundation prospectus. A preliminary prospectus supplement and accompanying foundation prospectus relating to the Giving have been filed, and a ultimate prospectus supplement will be filed with the SEC and will be obtainable on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying foundation prospectus relating to the Giving might be attained from Goldman Sachs & Co. LLC, Prospectus Office, 200 West Avenue, New York, New York 10282, phone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected] mail.gs.com.
This press launch does not represent an offer to offer or a solicitation of an offer to purchase shares of frequent inventory or any other securities and shall not represent an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be illegal prior to the registration and qualification under the securities regulations of such condition or jurisdiction.
About Carnival Corporation & plc
Carnival Corporation & plc is 1 of the world’s largest leisure travel corporations with a portfolio of nine of the world’s major cruise strains. With functions in North