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Article: Carnival Corporation Prices Convertible Senior Debenture Offering.
- 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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Carnival Corporation today announced that it has priced an offering of $773 million in aggregate principal amount at maturity of its 1.75 percent convertible senior debentures due 2033, resulting in $500 million gross proceeds to Carnival Corporation. In connection with the offering, Carnival Corporation has granted to the initial purchaser an over-allotment option to purchase up to an additional $116 million aggregate principal amount at maturity of such debentures, resulting in $75 million gross proceeds to Carnival Corporation.
Interest on the debentures will be payable in cash in arrears semi- annually through to April 29, 2008. Thereafter, the principal ...