16th Nov 2022 12:04
Carnival PLC - Miami, Florida-based cruise operator - Prices private offering of USD1 billion of its 5.75% convertible senior notes due 2027 as part of the company's 2024 refinancing plan. The convertible notes will pay interest semi-annually on June 1 and December 1 of each year, beginning on June 1 next year at a rate of 5.75% per year.
The convertible notes will mature on December 1, 2027, unless earlier repurchased, redeemed or converted. Expects to use the proceeds of the offering to make payment on debt and for "general working purposes."
Current stock price: 731.40 pence, down 13% on Wednesday in London
12-month change: down 50%
By Xindi Wei; [email protected]
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