8-KOther Events

CARNIVAL CORP 8-K Report (Oct 29, 2001)

Filed October 29, 2001For Securities:CCL

Summary

Carnival Corporation (CCL) filed an 8-K on October 29, 2001, reporting on an event that occurred on October 26, 2001. The company announced the completion of the sale of additional 20-year zero-coupon convertible notes through a private offering. This specific transaction, resulting from the placement agent's exercise of an over-allotment option, generated $100 million in gross proceeds for Carnival Corporation. This offering, in conjunction with a private offering that closed on October 24, 2001, brings the total gross proceeds from the sale of these notes to $500 million. The notes are zero-coupon and convertible, with a 20-year maturity. Investors should note that these securities were offered privately and have not been registered under the Securities Act, meaning their sale in the U.S. is subject to registration or an exemption from such requirements.

Key Highlights

  • 1Carnival Corporation completed the sale of additional 20-year zero-coupon convertible notes in a private offering on October 26, 2001.
  • 2The exercise of an over-allotment option by the placement agent resulted in $100 million of gross proceeds from this specific sale.
  • 3The total gross proceeds from the private offering of these notes, including the earlier closing on October 24, 2001, amounts to $500 million.
  • 4The notes are characterized as zero-coupon and convertible, with a 20-year term.
  • 5The securities were offered in a private placement and are not registered under the Securities Act.
  • 6Any offer or sale within the United States is contingent upon registration or an applicable exemption from registration requirements.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the completion of a private offering of additional 20-year zero-coupon convertible notes by Carnival Corporation, specifically detailing the proceeds raised from the exercise of an over-allotment option.

Carnival Corporation raised a total of $500 million in gross proceeds from the private offering of its 20-year zero-coupon convertible notes. This includes the $100 million from the additional notes sold on October 26, 2001.

The notes are 20-year zero-coupon convertible notes. This means they do not pay periodic interest (zero-coupon) but are designed to be converted into common stock at a later date. They have a maturity of 20 years.

No, these securities were offered in a private placement and have not been registered under the Securities Act. Therefore, they may not be offered or sold in the United States without proper registration or an applicable exemption from registration requirements.