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Carnival stock dips as company prices $1b shares offering
Carnival Corp. shares fell more than 9% in after-hours trading following the pricing of the company's underwritten public offering of more than 100m shares of common stock at $9.95 per share.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
July 20, 2022
1 Min Read
Credit: Seatrade Cruise News
CCL dipped to $10.06, down $1.03, after market close Wednesday.
Underwriter option
Carnival is offering 102,139,621 shares and granted underwriter Goldman Sachs a 30-day option to purchase up to 15,320,943 additional shares.
The offering is expected to close July 25.
Use of proceeds
The company plans to use the net proceeds for general corporate purposes, which could include addressing 2023 debt maturities.
CCL has traded as low as $8.10 and as high as $27.39 during the past 52 weeks.
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Carnival Corp. & plcAbout the Author
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