Carnival Corporation Closes Private Placement Of Zero-Coupon Convertible Debt

Thursday, October 25, 2001
Carnival Corporation today announced the completion of the previously announced private placement of its 20-year zero-coupon convertible notes, which resulted in gross proceeds to the company of $400 million.

In connection with the offering, the placement agent has also exercised in full its over-allotment option to purchase additional 20-year zero-coupon convertible notes, which will result in gross proceeds to the company of $100 million. The purchase of the additional notes is expected to close on October 26, 2001.

Net proceeds from the offering will be used to repay approximately $160 million of existing bank indebtedness maturing in November 2001, for the approximate $300 million final payment for Carnival Cruise Lines' new cruise ship, Carnival Pride, scheduled to be delivered in December 2001, and for general corporate purposes.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Carnival Ramping Up in New Orleans

Carnival on track for record year from Port of New Orleans in 2015; expects to embark 3 millionth passenger post-Katrina next year   New Orleans’ number one cruise

New London Cruise Terminal Gets Green Signal

London Mayor Boris Johnson gave final approval to build a new cruise terminal on the Thames River at Greenwich.   The terminal, to be located at Enderby Wharf,

Seven Seas Explorer Spaciously Intimate

The cruise ship being billed as "the most luxurious ship ever built" will also feature some of the largest cabins  and balconies afloat.   The suites on the Seven Seas Explorer,

Finance

TASI Acquires SignalFire Telemetry

TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts.  This new acquisition

DP World Profit Up 22%

Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015,

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2406 sec (4 req/sec)