Printer Friendly

CARNIVAL CRUISE LINES ISSUES $200 MILLION IN NOTES

 MIAMI, March 4 /PRNewswire/ -- Carnival Cruise Lines, Inc. (NYSE: CCL) announced that today it priced an issuance of $200 million in unsecured notes. The five year notes, priced at par, will mature on March 15, 1998 and bear interest at 5.75 percent per annum.
 Proceeds from the notes will be used to repay a portion of the company's indebtedness under a $300 million unsecured revolving credit agreement with a syndicate of banks. As of today, the company had borrowed $218 million under the revolving credit agreement.
 Carnival Cruise Lines, Inc. had filed a $500 million shelf registration in the fall of 1992. The notes, to be issued under the shelf registration, have received a Baa1 rating from Moody's and BBB from Standard & Poor's.
 The offering was led by Salomon Brothers Inc. with Bear, Stearns & Co. Inc., Citicorp Securities Markets, Inc. and Goldman, Sachs & Co. participating as co-lead underwriters.
 Carnival is the world's largest cruise line based on number of passengers carried. Together with its affiliated cruise lines, Holland America Line, Windstar Cruises and Seabourn Cruise Line, it operates 19 ships in the Caribbean, Alaska and other worldwide destinations. Carnival has contracted for the construction of three 2,600-passenger ships, the Sensation, Fascination and Imagination, which are scheduled for delivery in 1993, 1994 and 1995, respectively. It also has contracted to construct three new ships for Holland America Line. The first of these, the Statendam, made its debut in January, with the Maasdam and Ryndam to be delivered in late 1993 and 1994, respectively.
 -0- 3/4/93
 /NOTE TO EDITOR: A prospectus relating to the offering may be obtained by contacting Vanessa Bravo, Executive Office, Carnival Cruise Lines, 3655 N.W. 87th Avenue, Miami, FL, 33178.
 CONTACT: Tim Gallagher of Carnival Cruise Lines, 305-599-2600, Ext. 776/
 (CCL)


CO: Carnival Cruise Lines, Inc. ST: Florida IN: LEI SU:

JB-AW -- FL011 -- 3063 03/04/93 14:19 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 4, 1993
Words:317
Previous Article:NEWMONT GOLD REPORTS 19.5 MILLION OUNCES OF PROVEN AND PROBABLE RESERVES IN NEVADA
Next Article:'WHEEL OF FORTUNE' AND 'JEOPARDY!' TO BECOME INTERACTIVE HOME GAMES FOR PHILIPS COMPACT DISC-INTERACTIVE 'IMAGINATION MACHINE'
Topics:


Related Articles
CARNIVAL CRUISE LINES ANNOUNCES EARLY REDEMPTION OF ZERO COUPON CONVERTIBLE SUBORDINATED NOTES DUE 2005
CARNIVAL CRUISE LINES FILES REGISTRATION STATEMENT FOR $100 MILLION OF CONVERTIBLE SUBORDINATED NOTES
CARNIVAL CORPORATION OFFERS NOTE BUY-BACK OPTION TO NCL HOLDING
CARNIVAL CORPORATION SELLS CRYSTAL PALACE NOTES AND RECEIVES CASH PAYMENT FROM SETTLEMENT OF CLAIM AGAINST FINNISH SHIP BUILDER
DCR ASSIGNS INITIAL RATINGS TO CARNIVAL CORPORATION
Carnival Corporation Announces Early Redemption of Convertible Subordinate Notes
Carnival Corporation Reports Record Second Quarter Earnings
Carnival Corporation Declares Third Quarter Dividend; Provides Update On Stock Buyback.
Carnival Corporation Prices Private Placement of Zero-Coupon Convertible Debt.
Carnival Cruise Lines Offers Early Booking Discounts of Up to $200 Per Person on Summer and Fall Voyages.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters