MIAMI, Aug. seven, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), one particular of the world’s greatest leisure vacation firms, nowadays introduced that Carnival Company (the “Company”) has shut its formerly introduced registered immediate featuring of 93,663,808 shares of its frequent stock at a cost of $fourteen.02 for each share to a restricted range of holders of its 5.seventy five{e0233a5a8ca3dab8ed448c5451aba2c38c77d167988a5d203483ecea09d61312} Convertible Senior Notes owing 2023 (the “Convertible Notes”). The Company utilised the proceeds from this closing to repurchase $836,284,000 principal quantity of its Convertible Notes in privately negotiated transactions.

The Company expects to close an added 5.5 million shares as aspect of the registered immediate featuring on August ten, 2020.  The Company intends to use the proceeds from the August tenth closing to repurchase an added $forty nine.3 million principal quantity of its Convertible Notes in a privately negotiated transaction. 

Following these notice repurchases, an mixture of $1,126,911,000 principal quantity of the Corporation’s Convertible Notes will remain outstanding.

Goldman Sachs & Co. LLC acted as the unique placement agent for the registered immediate featuring. PJT Companions LP served as unbiased economic advisor to the Company for the registered immediate featuring. A shelf registration assertion relating to the shares was formerly filed with the U.S. Securities and Trade Fee (“SEC“) and is powerful. The registered immediate featuring was built only by usually means of a prospectus dietary supplement and an accompanying foundation prospectus. A prospectus dietary supplement and accompanying foundation prospectus relating to the registered immediate featuring have been filed with the SEC and are available on the SEC’s site at Copies of the prospectus dietary supplement and accompanying foundation prospectus relating to the registered immediate featuring might be attained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Avenue, New York, New York 10282, phone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]

This push release does not represent an give to market or a solicitation of an give to acquire shares of frequent stock or any other securities and shall not represent an give, solicitation or sale in any jurisdiction in which these an give, solicitation or sale would be illegal prior to the registration and qualification below the securities legal guidelines of these state or jurisdiction.

About Carnival Company & plc

Carnival Corporation & plc is one particular of the world’s greatest leisure vacation firms with a portfolio of nine of the world’s top cruise traces. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (British isles) and Cunard.

Cautionary Take note Regarding Variables That May well Affect Long run Success

Carnival Company and Carnival plc and their respective subsidiaries are referred to collectively in this push release, as “Carnival Company & plc,” “our,” “us” and “we.” Some of the statements, estimates or projections contained in this doc are “ahead-on the lookout statements” that include threats, uncertainties and assumptions with regard to us, including some statements relating to the financing transactions described herein, foreseeable future final results, operations, outlooks, plans, targets, name, money flows, liquidity and other occasions which have not yet transpired. These statements are intended to qualify for the harmless harbors from legal responsibility offered by Area 27A of the Securities Act of 1933 and Area 21E of the Securities Trade Act of 1934. All statements other than statements of historical facts are statements that could be considered ahead-on the lookout. These statements are centered on present-day anticipations, estimates, forecasts and projections about our small business and the industry in which we run and the beliefs and assumptions of our management. We have attempted, when doable, to establish these statements by utilizing text like “will,” “might,” “could,” “should really,” “would,” “imagine,” “depends,” “anticipate,” “goal,” “foresee,” “forecast,” “undertaking,” “foreseeable future,” “intend,” “approach,” “estimate,” “goal,” “reveal,” “outlook,” and very similar expressions of foreseeable future intent or the negative of these conditions.

Forward-on the lookout statements include things like these statements that relate to our outlook and economic situation including, but not restricted to, statements with regards to:

• Internet revenue yields

• Internet cruise fees, excluding fuel for each available lower berth day

• Booking concentrations

• Estimates of ship depreciable lives and residual values

• Pricing and occupancy

Goodwill, ship and trademark good values

• Interest, tax and fuel charges

• Liquidity

• Forex trade costs

• Modified earnings for each share

• Effect of the COVID-19 coronavirus world pandemic on our economic ailment and final results of operations

Mainly because ahead-on the lookout statements include threats and uncertainties, there are quite a few factors that could result in our precise final results, performance or achievements to differ materially from these expressed or implied by our ahead-on the lookout statements. This notice contains important cautionary statements of the regarded factors that we look at could materially impact the precision of our ahead-on the lookout statements and adversely impact our small business, final results of operations and economic situation. Furthermore, quite a few of these threats and uncertainties are presently amplified by and will carry on to be amplified by, or in the foreseeable future might be amplified by, the COVID-19 outbreak. It is not doable to forecast or establish all these threats. There might be added threats that we look at immaterial or which are unknown. These factors include things like, but are not restricted to, the pursuing:

  • COVID-19 has experienced, and is predicted to carry on to have, a substantial impact on our economic ailment and operations, which impacts our means to get acceptable financing to fund resulting reductions in money from operations. The present-day, and unsure foreseeable future, impact of the COVID-19 outbreak, including its effect on the means or motivation of people today to vacation (including on cruises), is predicted to carry on to impact our final results, operations, outlooks, plans, targets, expansion, name, litigation, money flows, liquidity, and stock cost
  • As a result of the COVID-19 outbreak, we have paused our visitor cruise operations, and if we are not able to re-begin standard operations in the close to-time period, we might be out of compliance with a upkeep covenant in sure of our financial debt facilities as of May well 31, 2021
  • World occasions impacting the means or motivation of people today to vacation might lead to a drop in demand for cruises
  • Incidents relating to our ships, attendees or the cruise getaway industry as perfectly as adverse weather conditions circumstances and other purely natural disasters might impact the gratification of our attendees and crew and lead to reputational harm
  • Variations in and non-compliance with legal guidelines and regulations below which we run, these as these relating to wellbeing, atmosphere, safety and stability, facts privacy and security, anti-corruption, economic sanctions, trade security and tax might lead to litigation, enforcement steps, fines, penalties, and reputational harm
  • Breaches in facts stability and lapses in facts privacy as perfectly as disruptions and other damages to our principal workplaces, details technology operations and procedure networks and failure to hold tempo with developments in technology might adversely impact our small business operations, the gratification of our attendees and crew and lead to reputational harm
  • Capability to recruit, establish and retain competent shipboard staff who stay away from residence for prolonged durations of time might adversely impact our small business operations, visitor services and gratification
  • Will increase in fuel price ranges, improvements in the types of fuel consumed and availability of fuel offer might adversely impact our scheduled itineraries and fees
  • Fluctuations in foreign currency trade costs might adversely impact our economic final results
  • Overcapacity and competitors in the cruise and land-centered getaway industry might lead to a drop in our cruise gross sales, pricing and place possibilities
  • Geographic regions in which we try to extend our small business might be slow to establish or eventually not establish how we anticipate
  • Inability to apply our shipbuilding packages and ship repairs, upkeep and refurbishments might adversely impact our small business operations and the gratification of our attendees

The ordering of the threat factors established forth earlier mentioned is not intended to mirror our indicator of priority or likelihood.

Forward-on the lookout statements should really not be relied upon as a prediction of precise final results. Subject matter to any continuing obligations below applicable regulation or any applicable stock trade principles, we expressly disclaim any obligation to disseminate, following the date of this doc, any updates or revisions to any these ahead-on the lookout statements to mirror any improve in anticipations or occasions, circumstances or situations on which any these statements are centered.

SOURCE Carnival Company & plc

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Resource Carnival Company & plc

Roger Frizzell, Carnival Company, [email protected], (305) 406-7862 Mike Flanagan, LDWW, [email protected], (727) 452-4538