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Article: CARNIVAL CRUISE LINES SIGNS AGREEMENT WITH SEABOURN CRUISE LINE
- Article from:
- PR Newswire
- Article date:
- February 19, 1992
CopyrightCOPYRIGHT 1992 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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CARNIVAL CRUISE LINES SIGNS AGREEMENT WITH SEABOURN CRUISE LINE
MIAMI, Feb. 19 /PRNewswire/ -- Carnival Cruise Lines, Inc. (NYSE: CCL) today announced that it has entered into a definitive agreement on the previously announced joint venture with Seabourn Cruise Line under which Carnival will acquire up to a 50 percent interest in Seabourn.
Carnival's investment will be in the form of two secured 10-year loans of $15 million and $10 million. In addition, Carnival will provide Seabourn with extensive sales and marketing support. Under the agreement, Carnival will own 25 percent of Seabourn, and Atle Brynestad, Seabourn's founder, will own 75 percent. The $10 million ...