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Article: Carnival Corporation Closes Convertible Senior Debenture Offering.
- Article from:
- PR Newswire
- Article date:
- April 30, 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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Carnival Corporation today announced the completion of the previously announced private placement of its convertible senior debentures due 2033, which resulted in gross proceeds to the company of $500 million.
In connection with the offering, the initial purchaser has not yet exercised its over-allotment option to purchase additional convertible senior debentures due 2033, which would, if exercised in full, result in additional gross proceeds to the company of $75 million.
The debentures and the Carnival plc (formerly P&O Princess Cruises plc) guarantee provided therewith were issued in an offering exempt from registration under the Securities Act of ...