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Carnival Corp. closes direct offering of 10.4m shares to a convertible notes holder

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Carnival Corp. & plc closed a registered direct offering of 10.4m shares of common stock at $17.59 per share to a holder of its 5.75% convertible senior notes due 2023.

The proceeds were used to repurchase $90.8m of convertible notes in a privately negotiated transaction.

$536.7m in convertible notes outstanding

Following the notes repurchase, an aggregate of $536.7m of the company's convertible notes remain outstanding.

Goldman Sachs acted as the exclusive placement agent for the registered direct offering.

PJT Partners served as independent financial advisor to Carnival Corp. for the registered direct offering.

This follows, on Nov. 19, the company's completion of its sale of 49.2m shares of common stock at a $18.05 per share to a limited number of holders of its 5.75% convertible senior notes due 2023. The net proceeds were used to buy back $427.9m of convertible notes.

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