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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 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE/LSE: CCL; NYSE: CUK) announced today that holders of $377,051,000aggregate principal amount at maturity of its Liquid Yield Option(TM) Notesdue 2021 had exercised their right to have the Company repurchase their LiquidYield Option(TM) Notes pursuant to the Indenture. The Company repurchased theLiquid Yield Option(TM) Notes at the issue price of $475.66 per $1,000principal amount at maturity plus accrued original issue discount of $141.28per $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. Asof October 27, 2008, $791,000 aggregate principal amount at maturity of theLiquid Yield Option(TM) Notes remain outstanding. Pursuant to the Indenture,holders of the Liquid Yield Option(TM) Notes will also have the opportunity torequire the Company to repurchase their Liquid Yield Option(TM) Notes onOctober 24, 2011 and October 24, 2016.
Carnival Corporation & plc is the largest cruise vacation group in theworld, with a portfolio of cruise brands in North America, Europe andAustralia, comprised of Carnival Cruise Lines, Holland America Line, PrincessCruises, 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 lowerberths with 17 new ships scheduled to enter service between March 2009 andJune 2012. Carnival Corporation & plc also operates Holland America Tours andPrincess 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 theFTSE 100 indices.
SOURCE Carnival Corporation & plc
CONTACT: Media: US, Tim Gallagher, Carnival Corporation & plc,+1-305-599-2600, ext. 16000, or UK, Richard Jacques or Sophie Brand, both ofBrunswick Group, 44 (0) 20 7404 5959; Investor Relations, Beth Roberts ofCarnival Corporation & plc, +1-305-406-4832
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(CCL CUK)
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