Carnival corporation & plc announces extension of maturity of $339 million of convertible notes at existing 5.75% rate
The existing notes will be exchanged for new notes with the same coupon and no dilution to shareholders at scheduled maturity versus the existing notes and no upfront cost miami , aug. 17, 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 "existing notes") pursuant to which the company will exchange $339 million in aggregate principal amount of existing notes for $339 million in aggregate principal amount of new 5.75% convertible senior notes due october 2024 (the "new notes" and such exchange, the "exchange"). the new notes will have the same initial conversion price as the existing notes, representing no dilution to shareholders at scheduled maturity versus the existing notes, the same coupon and no upfront cost to the company.
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