Simpson Thacher represented Goldman Sachs & Co. LLC in connection with the sale of 40,450,619 shares of Carnival Corporation (“Carnival”) (NYSE: CCL). The primary offering, which was effected pursuant to a block trade, raised gross sale proceeds of approximately $1 billion. The transaction closed on February 24, 2021.
Carnival intends to use the net proceeds from this offering for general corporate purposes.
Carnival is one of the world’s largest leisure travel companies with operations in North America, Australia, Europe and Asia.
The Simpson Thacher team for the transaction included John C. Ericson, John O’Connell, Jieun Lim and Ben Kloss (Capital Markets); Marcy Geller, Sophie Staples and Scott Grundei (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Genevieve Dorment (Intellectual Property); Deborah Harris (EEA/UK); and Jennie Getsin (FINRA and Blue Sky).