Article: Carnival Corporation to raise US$500 million from sale of convertible securities.

Miami -- Miami, April 23 /PRNewswire/ -- Carnival Corporation today announced that it will raise US$500 million through an offering of convertible securities. The convertible securities are to be guaranteed by Carnival plc (formerly P&O Princess Cruises plc, which was combined with Carnival Corporation under a dual listed company transaction completed April 17, 2003). Carnival Corporation may raise up to an additional US$75 million upon exercise of an over-allotment option in connection with the offering. Carnival Corporation expects to use the proceeds of the offering for general corporate purposes, including financing Carnival Corporation's shipbuilding program and ...

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