The company filed a supplement prospectus with the US Securities and Exchange Commission to offer shares of Carnival Corp. common stock through its agent, BofA Securities, with an aggregate price of up to $500m. Share sales would take place from time to time through an 'at-the-market' equity offering program.
Proceeds will go to buy Carnival plc shares
As previously disclosed, the company intends to use the net proceeds to purchase an equivalent number of Carnival plc ordinary shares. Any remaining net proceeds would go to general corporate purposes.
Extended through April
The program under the previous prospectus was expected to end no later than Jan. 31. Today, Carnival Corp. & plc extended the share purchase program until April 30, under the same terms.
PJT Partners continues serving as independent financial advisor to Carnival Corp. and Carnival plc.
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