Filed pursuant to Rule 424(b)(3)
Registration No. 333-106293
PROSPECTUS SUPPLEMENT NO. 2
(TO PROSPECTUS DATED JULY 3, 2003)
U.S. $889,000,000
CARNIVAL CORPORATION
SENIOR CONVERTIBLE DEBENTURES DUE 2033
GUARANTEED BY CARNIVAL PLC AND
P&O PRINCESS CRUISES INTERNATIONAL LIMITED
This prospectus supplement No. 2 supplements and amends the prospectus
dated July 3, 2003 relating to $889,000,000 aggregate principal amount at
maturity of our Senior Convertible Debentures due 2033 (the "debentures") and
20,896,657 shares of our common stock issuable upon conversion of the debentures
held by the selling securityholders, plus an indeterminate number of shares as
may become issuable upon conversion of the debentures by reason of adjustment to
the conversion price.
The table on page 74 of the prospectus sets forth information with
respect to the selling securityholders and the respective amounts at maturity 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.
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PRINCIPAL NUMBER OF
AMOUNT AT SHARES OF NUMBER OF
MATURITY OF COMMON STOCK SHARES OF
DEBENTURES PERCENT OF ISSUABLE UPON COMMON STOCK
BENEFICIALLY TOTAL INITIAL OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES DEBENTURES (1) DEBENTURES (1)
---------------------------------------------------------------------------------------------------------------------
DBAG London.................... $500,000 .06% 11,753 0
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Goldman, Sachs & Co. .......... $48,400,000 5.44% 1,137,681 0
---------------------------------------------------------------------------------------------------------------------
Merrill, Lynch, Pierce, Fenner
& Smith, Inc................... $92,750,000 10.43% 2,180,163 0
---------------------------------------------------------------------------------------------------------------------
UBS AG London Branch........... $115,000,000 12.94% 2,703,167 0
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(1) Also includes an equivalent number of non-detachable trust shares of
beneficial interest in P&O Princess Special Voting Trust, a trust
established under the laws of the Cayman Islands. See "Description
of Trust Shares."
The prospectus dated July 3, 2003, as amended and supplemented by
prospectus supplement No. 1 dated July 21, 2003 and this prospectus supplement
No. 2 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 August 7, 2003, the last reported sales price of the common
stock was $34.23 per share.
There is no public market for the debentures, and we do not intend to
apply for their listing on any securities exchange or seek approval for
quotation of them through any automated system.
INVESTING IN THE SECURITIES OFFER BY THIS PROSPECTUS INVOLVES RISKS
THAT ARE DESCRIBED IN THE "RISK FACTORS" SECTION BEGINNING ON PAGE 11 OF THE
ACCOMPANYING PROSPECTUS.
Neither the Securities and Exchange Commission, nor any state
securities commission has approved or disapproved of the securities offered by
this prospectus or passed upon the adequacy or accuracy of this prospectus
supplement. Any representation to the contrary is a criminal offense.
_____________________________
The date of this prospectus supplement is August 8, 2003.
SELLING SECURITYHOLDERS
The prospectus dated July 3, 2003, relating to the offer for resale of
$889,000,000 aggregate principal amount at maturity of debentures and 20,896,657
shares of our common stock issuable upon conversion of the debentures held by
the selling securityholders, plus an indeterminate number of shares as may
become issuable upon conversion of the debentures by reason of adjustment to the
conversion price and, upon each issuance of shares of Carnival Corporation
common stock to a person, including to a holder of debentures upon conversion of
debentures, an equivalent number of non-detachable trust shares of beneficial
interest in the P&O Princess Special Voting Trust, is amended to replace the
first paragraph and the table under the heading "Selling Securityholders" on
page 74 with the information in the following paragraph and table. We may
further amend or supplement this table from time to time if necessary.
We originally sold the debentures to the initial purchaser in a private
placement. The debentures were subsequently resold by the initial purchaser to
purchasers, including the selling securityholders listed below, in transactions
exempt from registration. The following table provides, as of August 8, 2003,
the principal amount at maturity of debentures held by such selling
securityholder, the number of shares of common stock beneficially owned by such
securityholder prior to its conversion of any debentures and the number of
shares of our common stock issuable upon conversion of the debentures. This
information has been obtained from the selling securityholders. Selling
securityholders representing an amount of up to an additional $387,300,000
aggregate principal amount at maturity of debentures will be added to the table
in one or more supplements to this prospectus.
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PRINCIPAL NUMBER OF
AMOUNT SHARES OF NUMBER OF
MATURITY OF COMMON STOCK SHARES OF
DEBENTURES PERCENT OF ISSUABLE UPON COMMON STOCK
BENEFICIALLY TOTAL INITIAL OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES DEBENTURES (1) DEBENTURES (1)
---------------------------------------------------------------------------------------------------------------------
Argent Classic Convertible
Arbitrage (Bermuda) Fund Ltd... $6,600,000 0.74% 155,138 0
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Argent Classic Convertible
Arbitrage Fund L.P. ........... $2,800,000 0.31% 65,816 0
---------------------------------------------------------------------------------------------------------------------
Argent LowLev Convertible
Arbitrage Fund LLC............. $1,100,000 0.12% 25,856 0
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Argent LowLev Convertible
Arbitrage Fund Ltd............. $6,300,000 0.71% 148,087 0
---------------------------------------------------------------------------------------------------------------------
Bank Austria Cayman Islands,
LTD............................ $7,650,000 0.86% 179,819 0
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BNP Paribas Equity Strategies
SNC ........................... $744,000 0.08% 17,488 0
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---------------------------------------------------------------------------------------------------------------------
PRINCIPAL NUMBER OF
AMOUNT SHARES OF NUMBER OF
MATURITY OF COMMON STOCK SHARES OF
DEBENTURES PERCENT OF ISSUABLE UPON COMMON STOCK
BENEFICIALLY TOTAL INITIAL OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES DEBENTURES (1) DEBENTURES (1)
---------------------------------------------------------------------------------------------------------------------
Clinton Convertible Managed
Trading Account 1 Limited ..... $2,620,000 0.29% 61,585 0
---------------------------------------------------------------------------------------------------------------------
Clinton Multistrategy Master
Fund, Ltd. .................... $21,890,000 2.46% 514,542 0
---------------------------------------------------------------------------------------------------------------------
Clinton Riverside Convertible
Portfolio Limited ............. $22,000,000 2.47% 517,128 0
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Continental Assurance Company
On Behalf Of Its Separate
Account (E)................... $3,100,000 0.35% 72,868 0
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Continental Casualty Company .. $24,400,000 2.74% 573,542 0
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CooperNeff Convertible
Strategies (Cayman) Master
Fund L.P. ..................... $580,000 0.07% 13,633 0
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DBAG London.................... $500,000 .06% 11,753 0
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Global Bermuda Limited
Partnership ................... $23,100,000 2.60% 542,984 0
---------------------------------------------------------------------------------------------------------------------
Goldman, Sachs & Co. .......... $48,400,000 5.44% 1,137,681 0
---------------------------------------------------------------------------------------------------------------------
Goldman Sachs & Co. Profit
Sharing Master Trust .......... $2,546,000 0.29% 59,846 48,075
---------------------------------------------------------------------------------------------------------------------
Guggenheim Portfolio Co. XV,
LLC............................ $1,350,000 0.15% 31,733 0
---------------------------------------------------------------------------------------------------------------------
Hamilton Multi-Strategy Master
Fund, LP....................... $4,300,000 0.48% 101,075 0
---------------------------------------------------------------------------------------------------------------------
Highbridge International LLC .. $50,000,000 5.62% 1,175,290 0
---------------------------------------------------------------------------------------------------------------------
KBC Financial Products (Cayman
Islands) Ltd................... $5,500,000 0.62% 129,282 0
---------------------------------------------------------------------------------------------------------------------
Lakeshore International, LTD .. $92,400,000 10.40% 2,171,936 0
---------------------------------------------------------------------------------------------------------------------
Lyxor Master Fund ............. $2,100,000 0.24% 49,362 0
---------------------------------------------------------------------------------------------------------------------
Meadow IAM Limited ............ $2,090,000 0.24% 49,127 0
---------------------------------------------------------------------------------------------------------------------
Merrill, Lynch, Pierce, Fenner
& Smith, Inc................... $92,750,000 10.43% 2,180,163 0
---------------------------------------------------------------------------------------------------------------------
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PRINCIPAL NUMBER OF
AMOUNT SHARES OF NUMBER OF
MATURITY OF COMMON STOCK SHARES OF
DEBENTURES PERCENT OF ISSUABLE UPON COMMON STOCK
BENEFICIALLY TOTAL INITIAL OWNED PRIOR TO
SELLING OWNED AND OUTSTANDING CONVERSION OF CONVERSION OF
SECURITYHOLDER OFFERED DEBENTURES DEBENTURES (1) DEBENTURES (1)
---------------------------------------------------------------------------------------------------------------------
Nomura Securities
International, Inc. ........... $15,000,000 1.69% 352,587 658,452
---------------------------------------------------------------------------------------------------------------------
OZ Convertible Master Fund,
Ltd............................ $9,343,000 1.05% 219,615 4,959
---------------------------------------------------------------------------------------------------------------------
OZ MAC 13 Ltd.................. $2,920,000 0.33% 68,637 0
---------------------------------------------------------------------------------------------------------------------
OZ Master Fund, Ltd. .......... $106,191,000 11.94% 2,496,104 0
---------------------------------------------------------------------------------------------------------------------
Ramius Capital Group .......... $900,000 0.10% 21,155 0
---------------------------------------------------------------------------------------------------------------------
Ramius, LP .................... $270,000 0.03% 6,347 0
---------------------------------------------------------------------------------------------------------------------
Ramius Master Fund, LTD........ $10,823,000 1.22% 254,403 0
---------------------------------------------------------------------------------------------------------------------
Ramius Partners II, LP ........ $315,000 0.04% 7,404 0
---------------------------------------------------------------------------------------------------------------------
RCG Baldwin, LP................ $1,125,000 0.13% 26,444 0
---------------------------------------------------------------------------------------------------------------------
RCG Halifax Master Fund, LTD .. $1,125,000 0.13% 26,444 0
---------------------------------------------------------------------------------------------------------------------
RCG Latitude Master Fund, LTD . $10,822,000 1.22% 254,380 0
---------------------------------------------------------------------------------------------------------------------
RCG Multi Strategy Master
Fund, LTD ..................... $720,000 0.08% 16,924 0
---------------------------------------------------------------------------------------------------------------------
S.A.C. Capital Associates,
LLC ........................... $500,000 0.06% 11,753 7,500
---------------------------------------------------------------------------------------------------------------------
Sagamore Hill Hub Fund LTD .... $35,600,000 4.00% 836,806 0
---------------------------------------------------------------------------------------------------------------------
Singlehedge US Convertible
Arbitrage Fund ................ $71,000 0.01% 1,669 0
---------------------------------------------------------------------------------------------------------------------
Sturgeon Limited .............. $105,000 0.01% 2,468 0
---------------------------------------------------------------------------------------------------------------------
The Coast Fund, LP ............ $21,100,000 2.37% 495,972 0
---------------------------------------------------------------------------------------------------------------------
UBS AG London Branch........... $115,000,000 12.94% 2,703,167 0
---------------------------------------------------------------------------------------------------------------------
Xavex Convertible Arbitrage #5. $900,000 0.10% 21,155 0
---------------------------------------------------------------------------------------------------------------------
Xavex Risk Arbitrage Fund 2 ... $400,000 0.04% 9,402 0
---------------------------------------------------------------------------------------------------------------------
Zurich Institutional Benchmark
Master Fund LTD................ $300,000 0.03% 7,052 0
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(1) Also includes an equivalent number of non-detachable trust shares of
beneficial interest in P&O Princess Special Voting Trust, a trust
established under the laws of the Cayman Islands. See "Description
of Trust Shares."