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Article: Carnival Corporation to raise US$500 million from sale of convertible securities.
- Article from:
- PR Newswire
- Article date:
- April 23, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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