MIAMI, August 18, 2020 / PRNewswire / – Carnival Corporation & plc (NYSE / LSE: CCL, NYSE: CUK), one of the largest travel and entertainment companies in the world, announced today that Carnival Corporation (the “Corporation”) is offering its private offering fan $ 900 million aggregate principal amount of 9.875% Senior Secured Notes with second priority due to 2027 (the “Secured Notes”). The Corporation expects to use the net proceeds of offering the Secured Notes for general business purposes.
The secured notes were offered only to persons who reasonably believed to be qualified institutional purchasers in reliance on Rule 144A under the Securities Act, and beyond United States, for non-US investors only in accordance with Regulation S. The Securities Notes will not be registered under the Securities Act or any State securities law and may not be offered or sold in United States absent registration as an application exemption from the registration requirements of the Securities Act and applicable state laws.
This press release does not constitute an offer to sell or an application for an offer to purchase the Secured Notes or other securities and will not constitute an offer, application or sale in any jurisdiction in which such offer, application or sale would be illegal. PJT Partners LP served as an independent financial advisor to the offering company.
About Carnival Corporation & plc
Carnival Corporation & plc is one of the largest travel companies in the world with a portfolio of nine of the leading cruise lines in the world. With operations in North America, Australia, Europe and Asia, its portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
Careful consideration of factors that may influence future results
Carnival Corporation and Carnival plc and their respective subsidiaries are collectively referred to in this press release as “Carnival Corporation & plc,” “us,” “us” and “we.” Some of the statements, estimates or projections in this document are “forward-looking statements” that contain risks, uncertainties and assumptions about us, including some statements regarding the financing transactions described here, future results, operations, outlook, plans , goals, reputation, cash flows, liquidity and other events that have not yet happened. These statements are intended to qualify for the safe havens of liability provided by section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. All statements other than assertions of historical facts are statements that ‘ t could be as progressive. . These statements are based on current expectations, estimates, forecasts and projections about our company and the sector in which we operate and the beliefs and assumptions of our management. We have tried, if possible, to identify these statements by using words such as “will”, “can”, “could”, “should”, “would”, “” believe, “” depends, “” expect , “” goal, “” anticipate, “” forecast, “” project, “” future, “” plan, “” plan, “” estimate, “” goal, “” indicate, “” outlook, “and similar expressions of future intent as the negative of such conditions.
Forward-looking statements include such statements that relate to our outlook and financial position, including, but not limited to, statements regarding:
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Because forward-looking statements involve risks and uncertainties, there are many factors that can cause our actual results, achievements or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautious statements of the known factors that we consider may materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position. In addition, many of these risks and uncertainties are currently amplified by and will continue with the COVID-19 outbreak, or may be amplified in the future. It is not possible to predict or identify all such risks. There may be additional risks that we consider immaterial as those that are unknown. These factors include, but are not limited to, the following:
- COVID-19 has, and is expected to continue to have, a significant impact on our financial condition and operations, which affects our ability to obtain acceptable financing for financing consequences reduction of cash from operations. The current, and uncertain future, impact of the COVID-19 outbreak, including the effect on people’s ability or desire to travel (including on cruises), is expected to continue to affect our results, operations, outlook, plans, goals, growth, reputation, lawsuit, cash flows, liquidity, and share price
- As a result of the COVID-19 outbreak, we have suspended our operations for guest cruisers, and if we are unable to commence normal operations in the full term, we may be out of compliance with a maintenance agreement in certain of our debt facilities as well 31 May 2021
- World events affecting the ability or desire of people to travel may lead to a decline in the demand for cruises
- Incidents concerning our ships, guests or the industry for cruise holidays, as bad weather conditions and other natural disasters can affect the satisfaction of our guests and crew and lead to reputational damage
- Changes in and non-compliance with laws and regulations under which we operate, such as those concerning health, environment, safety and security, privacy and data protection, anti-corruption, economic sanctions, trade protection and taxation can lead to lawsuits, enforcement actions, fines, penalties, and reputational damage
- Infringements of data security and data breaches in privacy such as disruptions and other damage to our headquarters, operations of information technology and sister networks and failure to keep up with developments in technology can affect our business operations, the satisfaction of our guests and crew and lead to reputational damage
- The ability to recruit, develop and retain qualified board personnel who have been living away from home for extended periods of time can have an impact on our business operations, hospitality services and satisfaction.
- Increases in fuel prices, changes in the types of fuel consumed and the availability of fuel supplies can affect our planned routes and costs
- Fluctuations in foreign exchange rates could adversely affect our financial results
- Overcapacity and competition in the cruise and land-based vacation industry could lead to a decline in our cruise sales, pricing and destination options
- Geographical regions in which we are trying to expand our business may develop slowly or may not develop as we expect
- Inability to implement our shipbuilding programs and ship repairs, maintenance and overhauls can affect our business operations and the satisfaction of our guests
The order of the risk factors mentioned above is not intended to reflect our indication of priority or opportunity.
Forward indications should not be relied upon as a prediction of actual results. Subject to ongoing obligations under applicable law or any relevant stock exchange rules, we expressly refuse any obligation to distribute any updates or revisions to such forward-looking statements after the date of this document to reflect any change in expectations or events, circumstances or circumstances on which such statements are based.
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SOURCE Carnival Corporation & plc
