Source - Alliance News

Carnival PLC - Miami, Florida-based cruise line - Commences underwritten public offering of $1.0 billion of shares of common stock. Will grant the underwriter a 30-day option to purchase up to $150.0 million additional shares. Will use net proceeds for general corporate purposes ‘which could include addressing 2023 debt maturities’.

Current stock price: 764.37 pence, closed up 2.9% on Wednesday

12-month change: down 48%

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