Simpson Thacher Represents the Initial Purchasers in Offering of Convertible Senior Notes by Carnival
11.18.22
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Simpson Thacher represented the initial purchasers in connection with the private offering by Carnival Corporation of an aggregate amount of $1.0 billion of 5.75% Convertible Senior Notes due 2027 (the “Convertible Notes”). Carnival Corporation granted the initial purchasers an option to purchase, on or before November 30, 2022, up to an additional $150 million of Convertible Notes.
Carnival Corporation expects to use the net proceeds from this offering to make principal payments on debt and for general corporate purposes.
Carnival Corporation 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, Lia Toback, Bethany Wong and Natalie Sherburne (Capital Markets); Michael Mann and Scott Grundei (Tax); and Jennie Getsin (FINRA and Blue Sky).