The company intends to use the proceeds to repurchase from such holders an aggregate of $499,364,000 principal amount of its convertible notes in privately negotiated transactions.
Following the note repurchases, an aggregate of $627,547,000 principal amount of Carnival's convertible notes will remain outstanding.
The offering is expected to close on Nov. 19, except for 8.2m shares (representing $71.5m aggregate principal amount) expected to close on Nov. 20.
Goldman Sachs placement agent
Goldman Sachs is acting as the exclusive placement agent.
PJT Partners served as independent financial advisor to Carnival for the transactions.