The company used the net proceeds to repurchase $427.9m of its convertible notes in privately negotiated transactions.
More to come
Carnival Corp. expects to close an additional 8.2m shares as part of the registered direct offering on Nov. 20 and intends to use the net proceeds to repurchase an additional $71.5m of its convertible notes in a privately negotiated transaction.
Following these notes repurchases, an aggregate $627.5m principal amount of convertible notes will remain outstanding.
Placement agent Goldman Sachs
Goldman Sachs acted as the exclusive placement agent.
PJT Partners LP served as independent financial advisor to Carnival for the registered direct offering.