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Published on 11/29/2012 in the Prospect News Investment Grade Daily.

Carnival in market pricing $500 million five-year notes Thursday

By Andrea Heisinger

New York, Nov. 29 - Carnival Corp. is in the market Thursday with a $500 million offering of five-year notes, a market source said.

The notes (A3/BBB+/) feature a change-of-control put at 101%.

Goldman Sachs & Co., J.P. Morgan Securities LLC, RBS Securities Inc. and UBS Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including repaying portions of debt facilities maturing in 2013.

The notes are guaranteed by Carnival plc.

The cruise company is based in London.


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