Filed pursuant to Rule 424(b)(3)
Registration No. 333-62950
PROSPECTUS SUPPLEMENT NO. 1
(TO PROSPECTUS DATED OCTOBER 4, 2001)
CARNIVAL CORPORATION
2% CONVERTIBLE SENIOR DEBENTURES DUE 2021
AND SHARES OF COMMON STOCK
This prospectus supplement No. 1 supplements and amends the prospectus dated
October 4, 2001, relating to our 2% convertible senior debentures due 2021 and
shares of common stock issuable upon conversion of the debentures.
The table on pages 18 through 21 of the prospectus sets forth information with
respect to the selling securityholders and the respective amounts of debentures
beneficially owned by each selling securityholder that may be offered pursuant
to the prospectus. This prospectus supplement amends that table by adding to it
the items set forth below.
(4) (5)
(2) (3) COMMON STOCK COMMON STOCK
(1) PRINCIPAL AMOUNT OF PERCENT OF TOTAL ISSUABLE UPON OWNED PRIOR TO
SELLING DEBENTURES BENEFICIALLY OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OWNED AND OFFERED DEBENTURES THE DEBENTURES DEBENTURES*
-------------- ----------------- ---------- -------------- -----------
Global Bermuda Limited
Partnership..................... 400,000 0.07% 10,219 0
KBC Financial Products
(Cayman Islands) Limited........ 9,500,000 1.58% 242,694 0
Lakeshore International, Ltd.... 4,600,000 0.77% 117,515 0
MLQA Convertible Securities
Arbitrage Ltd................... 20,000,000 3.33% 510,934 0
Morgan Stanley & Co............. 4,000,000 0.67% 102,187 0
* Assuming the sale of all debentures and common stock issuable upon
conversion of the debentures, selling securityholders will not hold any
debentures and will hold the number of our common stock set forth in column
(5) "Common Stock Owned Prior to Conversion of Debentures." At that time,
no selling securityholder will hold more than 1% of our outstanding common
stock.
The prospectus dated October 4, 2001, together with this prospectus supplement,
constitutes the prospectus required to be delivered by Section 5(b) of the
Securities Act of 1933, as amended, with respect to offers and sales of the
debentures and the common stock issuable upon conversion of the debentures.
Our common stock is traded on the New York Stock Exchange under the symbol CCL.
On October 17, 2001, the last reported sales price of the common stock was
$21.30 per share. There is no public market for the debentures, and we do not
intend to apply for their listing on any exchange or to seek approval for their
quotation through any automated quotation system.
WE URGE YOU TO CAREFULLY READ THE "RISK FACTORS" SECTION BEGINNING ON PAGE 10 OF
THE ACCOMPANYING PROSPECTUS, WHERE WE DESCRIBE SPECIFIC RISKS ASSOCIATED WITH
THESE SECURITIES BEFORE YOU MAKE YOUR INVESTMENT DECISION.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy of this prospectus supplement. Any representation to the contrary is a
criminal offense.
The date of this prospectus supplement is October 18, 2001.
2
SELLING SECURITYHOLDERS
The prospectus dated October 4, 2001 relating to the offer for
resale of up to $600,000,000 aggregate principal amount of debentures and shares
of common stock issuable upon conversion of the debentures is amended to replace
the first paragraph and the table under the heading "Selling Securityholders" on
page 18 with the information in the following paragraph and table. We may
further amend or supplement this table from time to time if necessary.
The following table provides, as of October 18, 2001, the name
of each selling securityholder, the principal amount of debentures held by such
selling securityholder, the number of shares of common stock owned by such
securityholder prior to its purchase of debentures and the common stock issuable
upon conversion of the debentures (based upon the initial conversion price).
This information has been obtained from the selling securityholders.
(2)
PRINCIPAL
AMOUNT OF (3) (4) (5)
DEBENTURES PERCENT OF COMMON STOCK COMMON STOCK
(1) BENEFICIALLY TOTAL ISSUABLE UPON OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES THE DEBENTURES DEBENTURES*
-------------- ------- ---------- -------------- -----------
Absolute Return Fund,
Ltd. ................. 327,000 0.05% 8,354 0
Allstate Insurance Company 550,000 0.09% 14,051 0
Allstate Life Insurance
Company............... 2,700,000 0.45% 68.976 0
Aristeia International,
Limited............... 9,900,000 1.65% 252,912 0
Aristeia Partners, L.P.... 3,600,000 0.60% 91,968 0
Aventis Pension Master
Trust................. 220,000 0.04% 5,620 0
Banc of America
Securities LLC........ 9,793,000 1.63% 250,179 0
Bank America Pension Plan. 3,000,000 0.50% 76,640 0
Bear, Stearns & Co. Inc... 8,113,000 1.35% 207,260 0
Black Diamond Capital I,
Ltd................... 482,000 0.08% 12,314 0
Black Diamond Offshore
Ltd................... 1,723,000 0.29% 44,017 0
Boilermaker--Blacksmith
Pension Trust......... 1,375,000 0.23% 35,127 0
CALAMOS(R)Convertible Fund--
CALAMOS(R) Investment
Trust................. 3,000,000 0.50% 76,640 0
CALAMOS(R)Convertible
Growth and Income
Fund--
CALAMOS(R) Investment
Trust................. 1,275,000 0.21% 32,572 0
CALAMOS(R)Convertible
Portfolio--
CALAMOS(R) Advisors
Trust................. 130,000 0.02% 3,321 0
CALAMOS(R)Global
Convertible Fund --
CALAMOS(R) Investment
Trust................. 140,000 0.02% 3,577 0
3
(2)
PRINCIPAL
AMOUNT OF (3) (4) (5)
DEBENTURES PERCENT OF COMMON STOCK COMMON STOCK
(1) BENEFICIALLY TOTAL ISSUABLE UPON OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES THE DEBENTURES DEBENTURES*
-------------- ------- ---------- -------------- -----------
CALAMOS(R)Market Neutral
Fund--
CALAMOS(R) Investment
Trust................. 5,400,000 0.90% 137,952 0
CIBC World Markets........ 5,000,000 0.83% 127,734 0
Circlet (IMA) Limited..... 2,000,000 0.33% 51,093 0
City of Albany Pension
Plan.................. 125,000 0.02% 3,193 0
City of Knoxville Pension
System................ 285,000 0.05% 7,281 0
Clarica Life Insurance
Co.--U.S.............. 350,000 0.06% 8,941 0
Consulting Group Capital
Markets Funds......... 520,000 0.09% 13,284 0
Credit Suisse First
Boston Corporation.... 14,000,000 2.33% 357,654 0
Delta Airlines Master
Trust................. 2,400,000 0.40% 61,312 0
Delta Pilots Disability
and Survivorship Trust 470,000 0.08% 12,007 0
Deutsche Banc Alex Brown
Inc................... 17,500,000 2.92% 447,067 0
Double Black Diamond
Offshore LDC.......... 8,875,000 1,48% 226,727 0
Drury University.......... 45,000 0.01% 1,150 0
Duckbill & Co............. 1,750,000 0.29% 44,707 0
First Union National Bank. 500,000 0.08% 12,773 0
First Union Securities,
Inc................... 5,000,000 0.83% 127,734 0
First Union Securities,
Inc./Bank Trading .... $29,500,000 4.92% 753,628 0
General Motors Welfare
Benefit Trust (VEBA).. 3,000,000 0.50% 76,640 0
GLG Market Neutral Fund... 1,000,000 0.17% 25,547 0
Global Bermuda Limited
Partnership........... 4,600,000 0.77% 117,515 0
GM Employees Global Group
Pension Trust (Abs
Return Portfolio)..... 1,500,000 0.25% 38,320 0
Greek Catholic Union...... 20,000 ** 511 0
Greek Catholic Union II... 20,000 ** 511 0
H.K. Porter Company, Inc.. 35,000 0.01% 894 0
Jefferies & Company, Inc.. 500,000 0.08% 12,773 0
Jersey (IMA) Ltd.......... 1,750,000 0.29% 44,707 0
JMG Capital Partners, LP.. 12,250,000 2.04% 312,947 0
JMG Triton Offshore Fd
Ltd................... 17,250,000 2.88% 440,681 0
Julius Baer Multibond
Convertbond........... 750,000 0.13% 19,160 0
KBC Financial Products (Cayman 9,500,000 1.58% 242,694 0
Islands) Limited
KBC Financial Products
USA Inc............... 8,000,000 1.33% 204,374 0
Kerr-McGee Corporation.... 115,000 0.02% 2,938 0
4
(2)
PRINCIPAL
AMOUNT OF (3) (4) (5)
DEBENTURES PERCENT OF COMMON STOCK COMMON STOCK
(1) BENEFICIALLY TOTAL ISSUABLE UPON OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES THE DEBENTURES DEBENTURES*
-------------- ------- ---------- -------------- -----------
Kettering Medical Center
Funded Depreciation
Account............... 80,000 0.01% 2,044 0
Knoxville Utilities Board
Retirement System..... 195,000 0.03% 4,982 0
Lakeshore International,
Ltd................... 18,400,000 3.07% 470,059 0
Lehman Brothers Inc....... 2,000,000 0.33% 51,093 0
Leonardo, L.P............. 20,000,000 3.33% 510,934 0
Lexington (IMA) Limited... 139,000 0.02% 3,551 0
Libertyview Funds, L.P.... 8,250,000 1.38% 210,760 0
Louisiana Workers'
Compensation
Corporation........... 385,000 0.06% 9,835 0
MLQA Convertible Securities 20,000,000 3.33% 510,934 0
Arbitrage Ltd.
Morgan Stanley & Co. 4,000,000 0.67% 102,187 0
Nomura Securities
International, Inc.... 15,000,000 2.50% 383,201 497,292
OZ Master Fund, Ltd....... 4,534,000 0.76% 115,829 0
Peoples Benefit Life
Insurance Company
TEAMSTERS............. 5,000,000 0.83% 127,734 0
Port Authority of
Allegheny County
Retirement and
Disability Allowance
Plan for the
Employees Represented
by Local 85 of the
Amalgamated Transit
Union................. 1,450,000 0.24% 37,043 0
Radian Asset Guaranty..... 1,000,000 0.17% 25,547 0
Radian Guaranty Inc....... 1,000,000 0.17% 25,547 0
Retail Clerks Pension
Trust #2.............. 1,500,000 0.25% 38,320 0
Royal Bank of Canada...... 7,000,000 1.17% 178,827 225,705
SCI Endowment Care Common
Trust Fund--National
Fiduciary Services.... 230,000 0.04% 5,876 0
SCI Endowment Care
Common Trust
Fund--Suntrust......... 95,000 0.02% 2,427 0
Southern Farm Bureau Life
Insurance............. 125,000 0.02% 3,193 0
SPT 1,100,000 0.18% 28,101 0
St. Albans Partners Ltd... 5,000,000 0.83% 127,734 0
Starvest Managed Portfolio 15,000 ** 383 0
State of Florida Division
of Treasury........... 460,000 0.08% 11,751 0
State of Florida, Office
of the Treasurer...... 1,500,000 0.25% 38,320 0
5
(2)
PRINCIPAL
AMOUNT OF (3) (4) (5)
DEBENTURES PERCENT OF COMMON STOCK COMMON STOCK
(1) BENEFICIALLY TOTAL ISSUABLE UPON OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES THE DEBENTURES DEBENTURES*
-------------- ------- ---------- -------------- -----------
State of Mississippi
Health Care Trust Fund 185,000 0.03% 4,726 0
Susquehanna Capital Group. 23,000,000 3.83% 587,574 0
TD Securities (USA) Inc... 20,000,000 3.33% 510,934 0
The Dow Chemical Company
Employees' Retirement
Plan.................. 2,700,000 0.45% 68,976 0
The Fondren Foundation.... 85,000 0.01% 2,171 0
UBS AG London Branch...... 40,000,000 6.67% 1,021,868 0
UBS O'Connor LLC f/b/o
UBS Global Equity
Arbitrage Master Ltd.. 500,000 0.08% 12,773 0
Union Carbide Retirement
Account............... 1,750,000 0.29% 44,707 0
United Food and
Commercial Workers
Local 1262 and
Employers Pension Fund 650,000 0.11% 16,605 0
Vopak USA, Inc.
Retirement Plan....... 375,000 0.06% 9,580 0
White River Securities
L.L.C................. 10,112,000 1.69% 258,328 0
William Blair & Co. LLC... 2,225,000 0.37% 56,841 0
Wolverine Trading, L.P.... 3,000,000 0.50% 76,640 0
Worldwide Transactions
Ltd................... 420,000 0.07% 10,729 0
Yield Strategies Fund II,
LP.................... 3,250,000 0.54% 83,027 0
------------------------
* Assuming the sale of all debentures and common stock issuable upon
conversion of the debentures, selling securityholders will not hold any
debentures and will hold the number of our common stock set forth in column
(5) "Common Stock Owned Prior to Conversion of Debentures." At that time,
no selling securityholder will hold more than 1% of our outstanding common
stock.
** Less than 0.01%.