Goldman Sachs’ $1 Billion Block Trade of Shares of Carnival

Simpson Thacher represented Goldman Sachs & Co. LLC in the transaction.

Goldman Sachs & Co. LLC executed the sale of 40,450,619 shares of Carnival Corporation (“Carnival”) (NYSE: CCL). The primary offering, which was effected pursuant to a block trade, raised gross sale proceeds of approximately $1 billion. The transaction closed on February 24, 2021.

Carnival intends to use the net proceeds from this offering for general corporate purposes.

Carnival is one of the world’s largest leisure travel companies with operations in North America, Australia, Europe and Asia.  

The Simpson Thacher team advising Goldman Sachs & Co. included John C. Ericson (Picture), John O’Connell, Jieun Lim and Ben Kloss (Capital Markets); Marcy Geller, Sophie Staples and Scott Grundei (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Genevieve Dorment (Intellectual Property); Deborah Harris (EEA/UK); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Genevieve Dorment – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Deborah Harris – Simpson Thacher & Bartlett; Benjamin Kloss – Simpson Thacher & Bartlett; Jieun Lim – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Goldman Sachs & Co.;

Martina Bellini

Author: Martina Bellini