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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