Carnival stock slumps on pricing $1B stock offering

Jul. 21, 2022 3:46 AM ETCarnival Corporation & plc (CCL), CUK, CUKPFBy: Meghavi Singh, SA News Editor16 Comments
  • Carnival Corporation (NYSE:CCL) stock slides 9.3% after-hours after the firm has priced its previously announced underwritten public offering of 102,139,621 shares of common stock at a price of $9.95/share.
  • Underwriter are granted a 30-day option to purchase up to 15,320,943 additional shares of common stock of the company.
  • Offering is expected to close on July 25, 2022.
  • CCL expects to use the net proceeds from the offering for general corporate purposes, which could include addressing 2023 debt maturities.

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