Carnival corporation & plc announces closing of convertible notes exchange, extending maturity at existing 5.75% rate

The existing notes were 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. 22, 2022 /prnewswire/ -- carnival corporation & plc (nyse/lse: ccl; nyse: cuk) today announced that carnival corporation (the "company") has closed its previously announced exchange of approximately $339 million in aggregate principal amount of the company's outstanding 5.75% convertible senior notes due 2023 (the "existing notes") for $339 million in aggregate principal amount of the company's new 5.75% convertible senior notes due 2024 (the "new notes" and such exchange, the "exchange"). the new notes 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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