{"id":387215,"date":"2020-11-23T16:52:36","date_gmt":"2020-11-23T21:52:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387215"},"modified":"2020-11-23T16:52:36","modified_gmt":"2020-11-23T21:52:36","slug":"carnival-corporation-plc-announces-closing-of-an-equity-offering-and-repurchase-of-convertible-notes-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/carnival-corporation-plc-announces-closing-of-an-equity-offering-and-repurchase-of-convertible-notes-3\/","title":{"rendered":"Carnival Corporation & plc Announces Closing of an Equity Offering and Repurchase of Convertible Notes"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n MIAMI<\/span>, Nov. 23, 2020<\/span> \/PRNewswire\/ — Carnival Corporation\u00a0& plc\u00a0(NYSE\/LSE: CCL; NYSE: CUK), today announced that Carnival Corporation (the “Corporation”) has closed its previously announced registered direct offering of 10.4 million shares of its common stock at a price of $17.59<\/span> per share to a holder of its 5.75% Convertible Senior Notes due 2023 (the “Convertible Notes”).\u00a0The Corporation used the proceeds from this closing to repurchase $90.8 million<\/span> principal amount of its Convertible Notes in a privately negotiated transaction. <\/p>\n

Following the note repurchase, an aggregate of $536.7 million<\/span> principal amount of the Corporation’s Convertible Notes will remain outstanding.<\/p>\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<\/a>. 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<\/span> 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com<\/a>).<\/p>\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 constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. <\/p>\n

\n About\u00a0Carnival Corporation &\u00a0plc<\/b>\n <\/p>\n

Carnival Corporation\u00a0&\u00a0plc is one of the world’s largest leisure travel companies with a portfolio of nine of the world’s leading cruise lines. With operations in\u00a0North America,\u00a0Australia, Europe\u00a0and\u00a0Asia, its portfolio features\u00a0Carnival Cruise Line,\u00a0Princess Cruises, Holland America Line,\u00a0Seabourn, P&O Cruises\u00a0(Australia<\/span>),\u00a0Costa Cruises,\u00a0AIDA Cruises, P&O Cruises\u00a0(UK) and Cunard.<\/p>\n

\n Cautionary Note Concerning Factors That May Affect Future Results<\/b>\n <\/p>\n

Carnival Corporation and Carnival plc and their respective subsidiaries are referred to collectively in this press release as “Carnival Corporation & plc,” “our,” “us” and “we.” Some of the statements, estimates or projections contained in this document are “forward-looking statements” that involve risks, uncertainties and assumptions with respect to us, including some statements concerning the financing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows, liquidity and other events which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like “will,” “may,” “could,” “should,” “would,” “believe,” “depends,” “expect,” “goal,” “anticipate,” “forecast,” “project,” “future,” “intend,” “plan,” “estimate,” “target,” “indicate,” “outlook,” and similar expressions of future intent or the negative of such terms.<\/p>\n

Forward-looking statements include those statements that relate to our outlook and financial position including, but not limited to, statements regarding:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
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\n \u00b7 Pricing<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00b7 Estimates of ship depreciable lives and residual values<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00b7 Booking levels<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00b7 Goodwill, ship and trademark fair values<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00b7 Occupancy<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00b7 Liquidity and credit ratings<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00b7 Interest, tax and fuel expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00b7 Adjusted earnings per share<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00b7 Currency exchange rates<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00b7 The impact of the COVID-19 coronavirus global
pandemic on our financial condition and results of
operations<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00b7 Net cruise costs, excluding fuel per available lower berth day<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 outbreak. It is not possible to predict or identify all such risks. There may be additional risks that we consider immaterial or which are unknown.\u00a0 These factors include, but are not limited to, the following:<\/p>\n