Carnival Corporation & plc Announces Offering of Common Stock

MIAMI, March 31, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), the world’s biggest leisure travel business, today declared that Carnival Company (the “Company”) has commenced an underwritten public presenting of $one.twenty five billion of shares of frequent stock of the Company. The Company intends to grant the underwriters an alternative to purchase up to $187.5 million of more shares. The Company expects to use the internet proceeds from the presenting for general corporate purposes.

The Company also declared by separate push release that it has commenced private choices to qualified purchasers of $3 billion aggregate principal volume of initially-precedence senior secured notes owing 2023 and $one.75 billion aggregate principal volume of senior convertible notes owing 2023 (or up to $two.0125 billion aggregate principal volume if the original purchasers exercising in total their alternative to purchase more convertible notes). Absolutely nothing contained herein shall represent an offer you to market or the solicitation of an offer you to acquire the senior secured notes or the convertible notes. None of the closings of the choices of shares of frequent stock, senior secured notes or convertible notes is conditioned on the closing of any of the other choices or vice versa.

BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-working administrators for the presenting. A shelf registration assertion relating to these securities has been submitted with the U.S. Securities and Trade Fee (“SEC“) and has develop into effective. The presenting may well be created only by usually means of a prospectus complement and an accompanying base prospectus. A preliminary prospectus complement and accompanying base prospectus relating to the presenting will be submitted with the SEC and will be available on the SEC’s internet site at Copies of the preliminary prospectus complement and accompanying base prospectus relating to the presenting may well be attained from (one) BofA Securities, Inc., Attn: Prospectus Office, NC1-004-03-43, 200 North University Road, third flooring, Charlotte NC  28255-0001, email: [email protected], (two) Goldman Sachs & Co. LLC, Prospectus Office, 200 West Road, New York, New York 10282, telephone: one-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]) and (3) J.P. Morgan Securities LLC, c/o Broadridge Economical Solutions, 1155 Prolonged Island Avenue, Edgewood, New York 11717, or through telephone: one-866-803-9204.

This push release does not represent an offer you to market or a solicitation of an offer you to acquire shares of frequent stock and shall not represent an offer you, solicitation or sale in any jurisdiction in which this kind of an offer you, solicitation or sale would be illegal prior to the registration and qualification beneath the securities guidelines of this kind of point out or jurisdiction.

About Carnival Company & plc

Carnival Corporation & plc is the world’s biggest leisure travel business with a portfolio of 9 of the world’s foremost cruise traces. With functions in North The usa, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland The usa Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (United kingdom) and Cunard.

Cautionary Take note Relating to Components That May possibly Impact Long run Final results

Carnival Company and Carnival plc and their respective subsidiaries are referred to collectively in this push release as “Carnival Company & plc,” “our,” “us” and “we.” Some of the statements, estimates or projections contained in this document are “forward-on the lookout statements” that contain dangers, uncertainties and assumptions with regard to us, including some statements regarding the financing transactions described herein, future final results, outlooks, plans, objectives and other gatherings which have not still happened. These statements are supposed to qualify for the safe and sound harbors from liability delivered by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Trade Act of 1934. All statements other than statements of historical info are statements that could be considered forward-on the lookout. These statements are based mostly on current anticipations, estimates, forecasts and projections about our business and the business in which we operate and the beliefs and assumptions of our administration. We have tried, whenever possible, to establish these statements by applying phrases like “will,” “may well,” “could,” “should really,” “would,” “think,” “relies upon,” “count on,” “target,” “anticipate,” “forecast,” “project,” “future,” “intend,” “prepare,” “estimate,” “focus on,” “point out,” “outlook,” and equivalent expressions of future intent or the unfavorable of this kind of conditions.

Forward-on the lookout statements involve all those statements that relate to our outlook and economical situation including, but not restricted to, statements with regards to:

– Internet profits yields

– Net cruise fees, excluding gasoline for each available lessen berth working day

– Scheduling stages

– Estimates of ship depreciable life and residual values

– Pricing and occupancy

– Goodwill, ship and trademark honest values

– Fascination, tax and gasoline bills

– Liquidity

– Forex exchange prices

– Adjusted earnings for each share

Mainly because forward-on the lookout statements contain dangers and uncertainties, there are lots of things that could induce our precise final results, general performance or achievements to differ materially from all those expressed or implied by our forward-on the lookout statements. This notice is made up of important cautionary statements of the recognised things that we think about could materially have an effect on the accuracy of our forward-on the lookout statements and adversely have an effect on our business, final results of functions and economical situation. It is not possible to predict or establish all this kind of dangers. There may well be more dangers that we think about immaterial or which are unfamiliar. These things involve, but are not restricted to, world economical marketplaces and general economic circumstances as nicely as the pursuing:

  • COVID-19 has experienced, and will proceed to have, a materially adverse affect on our economical ailment and functions, which impacts our capacity to receive suitable financing to fund any ensuing shortfalls in dollars from functions.  The current, and unsure future, affect of the COVID-19 outbreak, including its influence on the capacity or drive of people to travel (including on cruises), will proceed to affect our final results, functions, outlooks, plans, objectives, development, reputation, dollars flows, liquidity, and stock cost
  • Planet gatherings impacting the capacity or drive of people to travel may well direct to a decline in demand for cruises
  • Incidents regarding our ships, guests or the cruise getaway business as nicely as adverse temperature circumstances and other natural disasters may well affect the gratification of our guests and crew and direct to reputational damage
  • Changes in and non-compliance with guidelines and regulations beneath which we operate, this kind of as all those relating to health, natural environment, security and security, details privateness and protection, anti-corruption, economic sanctions, trade protection and tax may well direct to litigation, enforcement actions, fines, penalties, and reputational damage
  • Breaches in details security and lapses in details privateness as nicely as disruptions and other damages to our principal offices, information know-how functions and system networks and failure to preserve pace with developments in know-how may well adversely affect our business functions, the gratification of our guests and crew and direct to reputational damage
  • Means to recruit, establish and keep certified shipboard personnel who are living absent from home for prolonged periods of time may well adversely affect our business functions, guest companies and gratification
  • Increases in gasoline costs, improvements in the varieties of gasoline eaten and availability of gasoline provide may well adversely affect our scheduled itineraries and fees
  • Fluctuations in overseas forex exchange prices may well adversely affect our economical final results
  • Overcapacity and level of competition in the cruise and land-based mostly getaway business may well direct to a decline in our cruise income, pricing and vacation spot alternatives
  • Geographic areas in which we check out to broaden our business may well be slow to establish or finally not establish how we count on
  • Incapacity to put into action our shipbuilding plans and ship repairs, routine maintenance and refurbishments may well adversely affect our business functions and the gratification of our guests

The ordering of the threat things established forth higher than is not supposed to mirror our indicator of precedence or likelihood.

Forward-on the lookout statements should really not be relied on as a prediction of precise final results. Topic to any continuing obligations beneath applicable law or any appropriate stock exchange principles, we expressly disclaim any obligation to disseminate, just after the day of this document, any updates or revisions to any this kind of forward-on the lookout statements to mirror any modify in anticipations or gatherings, circumstances or conditions on which any this kind of statements are based mostly.

SOURCE Carnival Company & plc

Cision Perspective primary information:–plc-announces-presenting-of-frequent-stock-301032444.html

Resource Carnival Company & plc

Roger Frizzell, Carnival Company, [email protected], (305) 406-7862 Mike Flanagan, LDWW, [email protected], (727) 452-4538

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