US$6 billion convertible note and common stock offering by Carnival Corporation

ARIFA has advised the Underwriters and Initial Purchasers as Carnival Corporation, the largest cruise industry player, seeks to improve its liquidity position during the Covid-19 pandemic.

ARIFA has advised BofA Securities Inc., Goldman Sachs & Co. LLC and JPMorgan Securities LLC as representatives of the Underwriters and Initial Purchasers in the negotiation of a convertible note and common stock offering by Carnival Corporation, the world's largest travel company and a publicly traded company in the United States. 

The cruise ship operator issued 71,875,000 shares of common stock and US$2,012,500,000 in 5.75% Convertible Senior Notes due 2023.

ARIFA also advised the Initial Purchasers in connection with the issuance by Carnival Corporation of US$4,000,000,000 in 11.500% First Priority Senior-Secured Notes due 2023.