Carnival corporation & plc announces extension of maturity of an additional $87 million of 2023 convertible notes at existing 5.75% rate

The 2023 notes will be exchanged for new 2024 notes with the same coupon and no dilution to shareholders at scheduled maturity versus the 2023 notes and no upfront cost miami , oct. 28, 2022 /prnewswire/ -- carnival corporation & plc (nyse/lse: ccl; nyse: cuk) today announced that carnival corporation (the "company"), carnival plc and certain of their subsidiaries (the "subsidiary guarantors") have entered into separate, privately negotiated exchange agreements with certain holders of the company's outstanding 5.75% convertible senior notes due 2023 (the "2023 notes") pursuant to which the company will exchange $87 million in aggregate principal amount of 2023 notes for $87 million in aggregate principal amount of new 5.75% convertible senior notes due october 2024 (the "new 2024 notes" and such exchange, the "exchange"). the new 2024 notes will have the same initial conversion price as the 2023 notes, representing no dilution to shareholders at scheduled maturity versus the 2023 notes, the same coupon and no upfront cost to the company.
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