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Carnival Corporation & plc Announces Offering of Common Stock

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MIAMI, March 31, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), the world’s greatest leisure journey enterprise, right now announced that Carnival Corporation (the “Corporation”) has commenced an underwritten public providing of $one.twenty five billion of shares of widespread stock of the Corporation. The Corporation intends to grant the underwriters an possibility to acquire up to $187.5 million of added shares. The Corporation expects to use the internet proceeds from the providing for common corporate applications.

The Corporation also announced by individual press release that it has commenced personal choices to qualified purchasers of $three billion aggregate principal total of initially-priority senior secured notes due 2023 and $one.75 billion aggregate principal total of senior convertible notes due 2023 (or up to $2.0125 billion aggregate principal total if the initial purchasers workout in full their possibility to acquire added convertible notes). Very little contained herein shall represent an offer to offer or the solicitation of an offer to obtain the senior secured notes or the convertible notes. None of the closings of the choices of shares of widespread stock, senior secured notes or convertible notes is conditioned upon the closing of any of the other choices or vice versa.

BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint e book-jogging professionals for the providing. A shelf registration statement relating to these securities has been filed with the U.S. Securities and Trade Commission (“SEC“) and has become effective. The providing may perhaps be created only by means of a prospectus nutritional supplement and an accompanying base prospectus. A preliminary prospectus nutritional supplement and accompanying base prospectus relating to the providing will be filed with the SEC and will be readily available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus nutritional supplement and accompanying base prospectus relating to the providing may perhaps be received from (one) BofA Securities, Inc., Attn: Prospectus Division, NC1-004-03-forty three, 200 North School Road, 3rd flooring, Charlotte NC  28255-0001, e mail: [email protected], (2) Goldman Sachs & Co. LLC, Prospectus Division, 200 West Road, New York, New York 10282, phone: one-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected] mail.gs.com) and (three) J.P. Morgan Securities LLC, c/o Broadridge Economic Alternatives, 1155 Prolonged Island Avenue, Edgewood, New York 11717, or by way of phone: one-866-803-9204.

This press release does not represent an offer to offer or a solicitation of an offer to obtain shares of widespread stock and shall not represent an offer, solicitation or sale in any jurisdiction in which these types of an offer, solicitation or sale would be illegal prior to the registration and qualification under the securities legislation of these types of point out or jurisdiction.

About Carnival Corporation & plc

Carnival Corporation & plc is the world’s greatest leisure journey enterprise with a portfolio of 9 of the world’s leading cruise traces. With operations in North The united states, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland The united states Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (British isles) and Cunard.

Cautionary Take note About Things That May possibly Affect Potential Results

Carnival Corporation and Carnival plc and their respective subsidiaries are referred to collectively in this press release as “Carnival Corporation & plc,” “our,” “us” and “we.” Some of the statements, estimates or projections contained in this doc are “forward-searching statements” that include challenges, uncertainties and assumptions with regard to us, such as some statements about the funding transactions explained herein, long term results, outlooks, plans, aims and other gatherings which have not nonetheless transpired. These statements are meant to qualify for the safe and sound harbors from legal responsibility delivered 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 information are statements that could be considered forward-searching. These statements are centered on current anticipations, estimates, forecasts and projections about our company and the industry in which we function and the beliefs and assumptions of our management. We have tried, anytime achievable, to identify these statements by applying terms like “will,” “may perhaps,” “could,” “should really,” “would,” “consider,” “relies upon,” “hope,” “intention,” “foresee,” “forecast,” “task,” “long term,” “intend,” “system,” “estimate,” “goal,” “reveal,” “outlook,” and comparable expressions of long term intent or the destructive of these types of conditions.

Ahead-searching statements include things like those statements that relate to our outlook and fiscal placement such as, but not constrained to, statements concerning:

– Web profits yields

– Net cruise costs, excluding gasoline for every readily available reduce berth working day

– Booking stages

– Estimates of ship depreciable life and residual values

– Pricing and occupancy

– Goodwill, ship and trademark reasonable values

– Desire, tax and gasoline fees

– Liquidity

– Forex exchange costs

– Adjusted earnings for every share

Simply because forward-searching statements include challenges and uncertainties, there are lots of elements that could lead to our genuine results, performance or achievements to vary materially from those expressed or implied by our forward-searching statements. This be aware has critical cautionary statements of the known elements that we think about could materially have an affect on the precision of our forward-searching statements and adversely have an affect on our company, results of operations and fiscal placement. It is not achievable to forecast or identify all these types of challenges. There may perhaps be added challenges that we think about immaterial or which are unknown. These elements include things like, but are not constrained to, worldwide fiscal marketplaces and common economic ailments as properly as the following:

  • COVID-19 has had, and will carry on to have, a materially adverse influence on our fiscal problem and operations, which impacts our skill to get hold of suitable funding to fund any ensuing shortfalls in hard cash from operations.  The current, and uncertain long term, influence of the COVID-19 outbreak, such as its outcome on the skill or desire of men and women to journey (such as on cruises), will carry on to influence our results, operations, outlooks, plans, aims, growth, name, hard cash flows, liquidity, and stock price tag
  • World gatherings impacting the skill or desire of men and women to journey may perhaps guide to a decline in demand from customers for cruises
  • Incidents about our ships, company or the cruise vacation industry as properly as adverse weather ailments and other pure disasters may perhaps influence the fulfillment of our company and crew and guide to reputational problems
  • Variations in and non-compliance with legislation and polices under which we function, these types of as those relating to overall health, setting, protection and security, facts privateness and safety, anti-corruption, economic sanctions, trade safety and tax may perhaps guide to litigation, enforcement actions, fines, penalties, and reputational problems
  • Breaches in facts security and lapses in facts privateness as properly as disruptions and other damages to our principal offices, facts technological know-how operations and process networks and failure to retain pace with developments in technological know-how may perhaps adversely influence our company operations, the fulfillment of our company and crew and guide to reputational problems
  • Ability to recruit, acquire and retain capable shipboard staff who are living away from household for prolonged durations of time may perhaps adversely influence our company operations, visitor providers and fulfillment
  • Improves in gasoline prices, changes in the forms of gasoline eaten and availability of gasoline provide may perhaps adversely influence our scheduled itineraries and costs
  • Fluctuations in international currency exchange costs may perhaps adversely influence our fiscal results
  • Overcapacity and competitors in the cruise and land-centered vacation industry may perhaps guide to a decline in our cruise product sales, pricing and place solutions
  • Geographic regions in which we try out to grow our company may perhaps be gradual to acquire or in the long run not acquire how we hope
  • Incapability to put into action our shipbuilding packages and ship repairs, servicing and refurbishments may perhaps adversely influence our company operations and the fulfillment of our company

The buying of the chance elements set forth previously mentioned is not meant to replicate our indication of priority or chance.

Ahead-searching statements should really not be relied upon as a prediction of genuine results. Issue to any continuing obligations under relevant law or any pertinent stock exchange procedures, we expressly disclaim any obligation to disseminate, just after the date of this doc, any updates or revisions to any these types of forward-searching statements to replicate any change in anticipations or gatherings, ailments or situations on which any these types of statements are centered.

SOURCE Carnival Corporation & plc

Check out first content:http://www.prnewswire.com/information-releases/carnival-corporation–plc-announces-providing-of-widespread-stock-301032444.html

Resource Carnival Corporation & plc

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

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