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Carnival Corporation & plc Closes Equity and Debt Offerings Totaling $6.6 Billion
- Client News
- April 8, 2020
Paul, Weiss advised Carnival Corporation & plc in three recent equity and debt offerings. The transactions included a registered offering of $575 million of common stock, a Rule 144A offering of $2.0125 billion principal amount of 5.75% convertible senior notes due 2023, and a Rule 144A offering of $4 billion principal amount of 11.5% first-priority senior secured notes due 2023. Carnival is the world’s largest leisure travel company with a portfolio of nine of the world’s leading cruise lines and operations in North America, Australia, Europe and Asia.
The team included, among others, securities and capital markets partners John Kennedy and Raphael Russo; finance partner Eric Goodison; tax partner David Sicular; IP partner Claudine Meredith-Goujon; and environmental counsel William O’Brien.