Carnival to raise $1 bill

2022-07-23T20:55:19+00:00 July 23rd, 2022|Finance|

Carnival Corp has commenced an underwritten public offering of $1 bill of shares of the company’s common stock.

The company also intends to grant the underwriter a 30-day option to purchase up to $150 mill of additional shares of the common stock.

Carnival said that it expected to use the net proceeds from the offering for general corporate purposes, which could include addressing 2023 debt maturities.

Goldman Sachs is acting as sole bookrunner and underwriter for the proposed public offering, while PJT Partners is serving as independent financial advisor to the company and Carnival plc.