(Alliance News) - Carnival PLC on Tuesday said it has priced its previously announced offering of 40.5 million shares at USD25.10 each, raising USD1.02 billion.
The Miami, Florida-based cruise line operator said the offering is expected to close on Wednesday. Carnival said it expects to use the net proceeds from the offering for general corporate purposes.
Like other cruise operators, Carnival has had to cancel practically all its sailings since last March, due to the Covid-19 pandemic.
Goldman Sachs & Co LLC is acting as sole bookrunner and underwriter for the proposed public offering. PJT Partners is serving as independent financial advisor to Carnival.
Carnival shares were trading 3.6% lower in London on Tuesday at 1,500.00 pence each, giving it a market capitalisation of GBP18.97 billion.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Carnival (CCL)