31st Oct 2022 14:45
Carnival PLC - Miami, Florida-based cruise line - Extends maturity of additional USD87 million of 2023 convertible notes at a 5.75% rate. "The 2023 notes will be exchanged for new 2024 notes with the same coupon and no dilution to shareholders at scheduled maturity versus the 2023 notes and no upfront cost," the company explains. The new 2024 notes have a maturity date of October 1, 2024. They will have the same terms as the firm's USD339 million aggregate principal amount of 5.75% convertible senior notes due 2024, announced in August.
Carnival expects the exchange to close on November 1.
Current stock price: 692.40 pence, up 4.6% on Monday
12-month change: down 55%
By Tom Budszus; [email protected]
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