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Carnival's 5.75% notes due 2023 are now convertible

CRUISE Carnival Corp. logo.jpg
Carnival Corp. & plc's $2.0125bn in 5.75% convertible senior notes due 2023 may now be converted into shares of common stock.

Convertible during the calendar quarter

Holders are entitled to convert all or any portion of their notes during the calendar quarter starting July 1 and ending Sept. 30, at the rate of 100 shares of common stock per $1,000 principal amount of convertible notes.

The $1.95bn convertible notes offering closed April 6 and Carnival subsequently said initial purchasers had fully exercised their option to purchase an additional $62.5m in convertible notes. 

CCL opened at $16.94 Wednesday.

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