secwatch.observer — SEC 8-K summary
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Issuer:     CARNIVAL PLC (CUK)
CIK:        0001125259
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0000950142-22-003212
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1125259/000095014222003212/0000950142-22-003212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/815097/000095014222003212/eh220306481_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-003212

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