Carnival Corporation & plc and Norwegian Cruise Line Holdings Ltd. (NCLH) have both tapped the financial markets to raise funds.

NCLH said it has priced its underwritten public offering of 40,000,000 ordinary shares at a price to the public of $20.80 per share.

“The Offering is expected to close on November 20, 2020, subject to customary closing conditions. The Company expects to use the net proceeds from the Offering for general corporate purposes,” NCLH said in a statement.

Meanwhile, Carnival Corporation & plc said that Carnival Corporation priced a registered direct of an aggregate of 57,426,860 shares at a price of $18.05 per share to a limited number of holders of its 5.75% Convertible Senior Notes due 2023.

“The Corporation intends to use the proceeds from the Offering to repurchase from such Holders an aggregate of $499,364,000 principal amount of its Convertible Notes in privately negotiated transactions,” the company said.

“On a net basis, the Corporation will not receive any proceeds from the Transactions and will pay customary fees and expenses in connection therewith. Therefore, the Transactions will not have a material impact on the Corporation's cash position. Following the Note Repurchases, an aggregate of $627,547,000 principal amount of the Corporation's Convertible Notes will remain outstanding,” it added.

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