---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-22-003212"
form_type: "8-K"
ticker: "CUK"
cik: "0001125259"
company_name: "CARNIVAL PLC"
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T15:39:15.813342+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carnival issues $1B 5.75% convertible notes due 2027 to refinance 2024 maturities

## Summary
- $1B aggregate principal of 5.75% Convertible Senior Notes due Dec 1, 2027; net proceeds ~$975M.
- Initial conversion price ~$13.39 per share (20% premium); convertible into cash, stock, or combination at CCL's election.
- Optional cash redemption after Dec 5, 2025 if stock exceeds 130% of conversion price (≥$17.41) for 20 of 30 trading days.
- Initial purchasers have option to buy additional $150M; notes offered to QIBs via Rule 144A, unregistered.

## SEC filing metadata
- accession: 0000950142-22-003212
- form_type: 8-K
- ticker: CUK
- cik: 0001125259
- company_name: CARNIVAL PLC
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1125259/000095014222003212/0000950142-22-003212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/815097/000095014222003212/eh220306481_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-22-003212
- JSON: https://secwatch.observer/filing/0000950142-22-003212.json
- Plain text: https://secwatch.observer/filing/0000950142-22-003212.txt

## Key facts
- Debt Financings
  CARNIVAL PLC incurred convertible notes of $1 billion aggregate principal amount at 5.75% per year maturing December 1, 2027.
  - Instrument: convertible notes
  - Principal: $1 billion aggregate principal amount
  - Rate: 5.75% per year
  - Maturity: December 1, 2027
  - Event: incurrence
  source text: On November 18, 2022, Carnival Corporation (together with Carnival plc, the “Company,” “we,” “us,” or “our”) closed its previously announced private offering (the “Convertible Notes Offering”) to qualified institutional buyers of $1 billion aggregate principal amount of its 5.75% Convertible Senior Notes due 2027 (the “Convertible Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1125259/000095014222003212/0000950142-22-003212-index.htm
- Material Agreements
  CARNIVAL PLC entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $1 billion aggregate principal amount (effective 2022-11-18).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Value: $1 billion aggregate principal amount
  - Effective: 2022-11-18
  source text: The Convertible Notes were issued pursuant to an Indenture, dated as of November 18, 2022 (the “Indenture”), among Carnival Corporation, Carnival plc, the subsidiary guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1125259/000095014222003212/0000950142-22-003212-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.