Carnival Corporation Announces Offering of Common Stock

Carnival Magic

Carnival Corporation today announced that it has commenced an underwritten public offering of $1.25 billion of shares of common stock of the Corporation, according to a statement.

The Corporation intends to grant the underwriters an option to purchase up to $187.5 million of additional shares. The Corporation expects to use the net proceeds from the offering for general corporate purposes.

The Corporation also announced by a separate press release that it has commenced private offerings to eligible purchasers of $3 billion aggregate principal amount of first-priority senior secured notes due 2023 and $1.75 billion aggregate principal amount of senior convertible notes due 2023 (or up to $2.0125 billion aggregate principal amount if the initial purchasers exercise in full their option to purchase additional convertible notes). Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the senior secured notes or the convertible notes. None of the closings of the offerings of shares of common stock, senior secured notes or convertible notes is conditioned upon the closing of any of the other offerings or vice versa.

Holland America President Makes Statement on Zaandam Situation

Zaandam

Four Die on Holland America Cruise Ship

MS Zaandam
MS Zaandam. Photo courtesy Holland America Line

reuters logoPANAMA CITY, March 27 (Reuters) – Four passengers have died on board the MS Zaandam, a cruise ship currently off the coast of Panama with dozens of guests suffering from influenza-like symptoms, at least two of whom have coronavirus, the vessel’s operator said on Friday.

Zaandam had been on a South American cruise that departed Argentina on March 7 and had been scheduled to end in San Antonio, Chile on March 21. Nobody has disembarked from the ship since it docked in Punta Arenas, Chile nearly two weeks ago.

Holland America Line, the operator, said in a statement it “can confirm that four older guests have passed away.”

Some 53 guests and 85 crew have reported to the medical centre with flu-like symptoms, the operator added, noting that “all ports” along Zaandam’s route are closed to cruise ships.

All told, there are 1,243 guests and 586 crew on board, as well as four doctors and four nurses, the statement said.

The cruise operator said it wants to transfer groups of healthy Zaandam passengers to its sister ship Rotterdam, which is now alongside the vessel of Panama.

Holland America Line said it was still working with the Panamanian authorities to see if it could get approval to transit the Panama Canal and sail to Fort Lauderdale, Florida.