Sidley represented a syndicate of 16 international banks, including lead managers BNP Paribas, Bank of America, Citi, Goldman Sachs, NatWest, Barclays and Mizuho, in connection with a €600 million SEC-registered offering of 1.000% Senior Notes due 2029 by London Stock Exchange-listed Carnival PLC, the world’s largest leisure travel company and cruise ship operator. The notes are guaranteed by NYSE-listed Carnival Corporation, a Panamanian registered company, which, together with Carnival PLC, operates a dual listed operating and reporting structure.
The Sidley New York and English law Capital Markets team was led by Mark Walsh and Istvan Hajdu, and included Kostian Ciko and Julie Weltman in New York and David Howe and Raveen Chandrakumar in London. Nick Brown and Michael E. Mann in New York and Will Smith and Oliver Rosshandler in London advised as to U.S. and UK tax matters, respectively.
