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Carnival PLC - Correction - Carnival Announces Offering of Common Stock

Please be advised of the following amendment to the "Carnival Announces Senior Secured Note Offerings" announcement released today at 12:47 under PRN Reference Number PRNUK-3103201246-93E9. The adjusted headline should read, "Carnival Announces Offering of Common Stock" rather than "Carnival Announces Senior Secured Note Offerings" as originally issued. The text below remains unchanged.








plc Announces Offering of Common StockCarnival Corporation &

, /PRNewswire/ -- plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, today announced that (the "Corporation") has commenced an underwritten public offering of of shares of common stock of the Corporation. The Corporation intends to grant the underwriters an option to purchase up to of additional shares. The Corporation expects to use the net proceeds from the offering for general corporate purposes.MIAMIMarch 31, 2020Carnival Corporation &Carnival Corporation$1.25 billion$187.5 million

The Corporation also announced by separate press release that it has commenced private offerings to eligible purchasers of aggregate principal amount of first-priority senior secured notes due 2023 and aggregate principal amount of senior convertible notes due 2023 (or up to 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.$3 billion$1.75 billion$2.0125 billion

, and J.P. Morgan are acting as joint book-running managers for the offering. A shelf registration statement relating to these securities has been filed with the ("") and has become effective. The offering may be made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus relating to the offering will be filed with the and will be available on the website at . Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained from (1) , Attn: Prospectus Department, NC1-004-03-43, , 3rd floor, 28255-0001, email: , (2) , Prospectus Department, , 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing ) and (3) , c/o Broadridge Financial Solutions, , 11717, or via telephone: 1-866-803-9204.BofA SecuritiesGoldman Sachs & Co. LLCU.S. Securities and Exchange CommissionSECSECSEC'sBofA Securities, Inc.Goldman Sachs & Co. LLCJ.P. Morgan Securities LLCwww.sec.govdg.prospectus_requests@bofa.comprospectus-ny@ny.email.gs.com200 North College StreetCharlotte NC200 West StreetNew York, New York1155 Long Island AvenueEdgewood, New York

This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About plcCarnival Corporation &

plc is the world's largest leisure travel company with a portfolio of nine of the world's leading cruise lines. With operations in , , and , its portfolio features , , , Seabourn, (), , , () and Cunard.Carnival Corporation &Carnival Cruise LinePrincess CruisesHolland America LineP&O CruisesCosta CruisesAIDA CruisesP&O CruisesNorth AmericaAustraliaEuropeAsiaAustraliaUK

Cautionary Note Concerning Factors That May Affect Future Results

and and their respective subsidiaries are referred to collectively in this press release as " plc," "our," "us" and "we." Some of the statements, estimates or projections contained in this document are "forward-looking statements" that involve risks, uncertainties and assumptions with respect to us, including some statements concerning the financing transactions described herein, future results, outlooks, plans, goals and other events which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like "will," "may," "could," "should," "would," "believe," "depends," "expect," "goal," "anticipate," "forecast," "project," "future," "intend," "plan," "estimate," "target," "indicate," "outlook," and similar expressions of future intent or the negative of such terms.Carnival CorporationCarnival plcCarnival Corporation &

Forward-looking statements include those statements that relate to our outlook and financial position including, but not limited to, statements regarding:

Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position. It is not possible to predict or identify all such risks. There may be additional risks that we consider immaterial or which are unknown. These factors include, but are not limited to, global financial markets and general economic conditions as well as the following:

The ordering of the risk factors set forth above is not intended to reflect our indication of priority or likelihood.

Forward-looking statements should not be relied upon as a prediction of actual results. Subject to any continuing obligations under applicable law or any relevant stock exchange rules, we expressly disclaim any obligation to disseminate, after the date of this document, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.

SOURCE plcCarnival Corporation &

CONTACT: , , , (305) 406-7862; , LDWW, , (727) 452-4538Roger FrizzellMike FlanaganCarnival Corporationrfrizzell@carnival.commike@ldwwgroup.com


- Net revenue yields              - Net cruise costs, excluding fuel per
                                  available lower berth day

- Booking levels                  - Estimates of ship depreciable lives and
                                  residual values

- Pricing and occupancy           - , ship and trademark fair values

- Interest, tax and fuel expenses - Liquidity

- Currency exchange rates         - Adjusted earnings per shareGoodwill
--  COVID-19 has had, and will continue to have, a materially adverse impact
        on our financial condition and operations, which impacts our ability to
        obtain acceptable financing to fund any resulting shortfalls in cash
        from operations. The current, and uncertain future, impact of the
        COVID-19 outbreak, including its effect on the ability or desire of
        people to travel (including on cruises), will continue to impact our
        results, operations, outlooks, plans, goals, growth, reputation, cash
        flows, liquidity, and stock price
    --  World events impacting the ability or desire of people to travel may
        lead to a decline in demand for cruises
    --  Incidents concerning our ships, guests or the cruise vacation industry
        as well as adverse weather conditions and other natural disasters may
        impact the satisfaction of our guests and crew and lead to reputational
        damage
    --  Changes in and non-compliance with laws and regulations under which we
        operate, such as those relating to health, environment, safety and
        security, data privacy and protection, anti-corruption, economic
        sanctions, trade protection and tax may lead to litigation, enforcement
        actions, fines, penalties, and reputational damage
    --  Breaches in data security and lapses in data privacy as well as
        disruptions and other damages to our principal offices, information
        technology operations and system networks and failure to keep pace with
        developments in technology may adversely impact our business operations,
        the satisfaction of our guests and crew and lead to reputational damage
    --  Ability to recruit, develop and retain qualified shipboard personnel who
        live away from home for extended periods of time may adversely impact
        our business operations, guest services and satisfaction
    --  Increases in fuel prices, changes in the types of fuel consumed and
        availability of fuel supply may adversely impact our scheduled
        itineraries and costs
    --  Fluctuations in foreign currency exchange rates may adversely impact our
        financial results
    --  Overcapacity and competition in the cruise and land-based vacation
        industry may lead to a decline in our cruise sales, pricing and
        destination options
    --  Geographic regions in which we try to expand our business may be slow to
        develop or ultimately not develop how we expect
    --  Inability to implement our shipbuilding programs and ship repairs,
        maintenance and refurbishments may adversely impact our business
        operations and the satisfaction of our guests

Quick facts: Carnival PLC

Price: -

Market: LSE
Market Cap: -
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