Carnival says $75 million greenshoe exercised, raising convertibles to $575 million

New York, May 30 - Carnival Corp. said underwriters of its recent offering of convertible senior debentures due 2033 exercised the $75 million proceed s over-allotment options, raising the size of the deal to $575 million proceeds.

The Miami cruise line originally sold $500 million proceeds, of the convertibles after the market close on April 22 at 64.688 to yield 1.75% with a 93% initial conversion premium, plus a warrant kicker.

Merrill Lynch & Co. was lead manager of the Rule 144A deal.

Proceeds will be used for general corporate purposes.

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