Carnival Corporation & plc Announces Results of Exercise of Rights by Holders
to Require Repurchase of Liquid Yield Option(TM) Notes Due 2021
MIAMI, Oct. 27 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
announced today that holders of $377,051,000 aggregate principal amount at
maturity of its Liquid Yield Option(TM) Notes due 2021 had exercised their
right to have the Company repurchase their Liquid Yield Option(TM) Notes
pursuant to the Indenture. The Company repurchased the Liquid Yield
Option(TM) Notes at the issue price of $475.66 per $1,000 principal amount at
maturity plus accrued original issue discount of $141.28 per $1,000 principal
amount at maturity, for a total price of $616.94 per $1,000 principal amount
at maturity of the Liquid Yield Option(TM) Notes. As of October 27, 2008,
$791,000 aggregate principal amount at maturity of the Liquid Yield Option(TM)
Notes remain outstanding. Pursuant to the Indenture, holders of the Liquid
Yield Option(TM) Notes will also have the opportunity to require the Company
to repurchase their Liquid Yield Option(TM) Notes on October 24, 2011 and
October 24, 2016.
Carnival Corporation & plc is the largest cruise vacation group in the
world, with a portfolio of cruise brands in North America, Europe and
Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess
Cruises, The Yachts of Seabourn, AIDA Cruises, Costa Cruises, Cunard Line,
Ibero Cruises, Ocean Village, P&O Cruises and P&O Cruises Australia.
Together, these brands operate 89 ships totaling more than 170,000 lower
berths with 17 new ships scheduled to enter service between March 2009 and
June 2012. Carnival Corporation & plc also operates Holland America Tours and
Princess Tours, the leading tour companies in Alaska and the Canadian Yukon.
Traded on both the New York and London Stock Exchanges, Carnival Corporation &
plc is the only group in the world to be included in both the S&P 500 and the
FTSE 100 indices.
SOURCE Carnival Corporation & plc
-0- 10/27/2008
/CONTACT: Media: US, Tim Gallagher, Carnival Corporation & plc,
+1-305-599-2600, ext. 16000, or UK, Richard Jacques or Sophie Brand, both of
Brunswick Group, +44(0)20-7404-5959; Investor Relations, Beth Roberts of
Carnival Corporation & plc, +1-305-406-4832/
/Web site: http://www.carnivalcorp.com /
(CCL CUK)
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