Carnival Corp Stock Price, News & Analysis

Princess Cruises announces a special themed "Love Boat" cruise aboard the Majestic Princess, celebrating the show's legacy and honoring late actor Gavin MacLeod. This seven-day voyage, scheduled from February 26 to March 5, 2022, includes memorable activities led by original cast members, including Jill Whelan and Cynthia Lauren Tewes. Ports of call include Puerto Vallarta, Mazatlan, and Cabo San Lucas. Cruise fares start at $499 per person, offering unique themed experiences and a tribute to MacLeod, underscoring Princess Cruises' connection to the iconic show.

Carnival Corporation & plc has closed a private offering of $2 billion in 6% senior unsecured notes due 2029. The notes will pay interest semi-annually, starting May 1, 2022, and are callable from November 1, 2024. Proceeds will be used for scheduled principal payments on existing debt and general corporate purposes, including maintenance of property and vessels. The offering was made to qualified institutional buyers and non-U.S. investors, exempt from SEC registration. Risks related to COVID-19 and market conditions remain significant.

On November 1, 2021, the Ruby Princess re-entered service as Princess Cruises' sixth MedallionClass ship, departing from the Port of San Francisco for a seven-day California Coast cruise. The ship, featuring nearly 900 balconies and various dining and entertainment options, will offer cruises to popular destinations like Mexico, Hawaii, Alaska, and the Panama Canal through 2023. President John Padgett emphasized the ship's importance in revitalizing local businesses. Guests must be fully vaccinated and provide a negative COVID-19 test prior to sailing.

Cunard announced new itineraries for Queen Elizabeth set to launch between February and May 2022, replacing the current schedule. These cruises will embark from Southampton and feature voyages to experience the Northern Lights, the Canary Islands, and a grand transatlantic journey through the Panama Canal to Vancouver. However, all departures from February 20 to May 17, 2022, are cancelled due to international travel complexities. Affected guests will receive a full refund or a 125% future cruise credit.

Holland America Line's Rotterdam debuted on Oct. 20, 2021, featuring an impressive art collection worth over $4.1 million. Curated by YSA Design and ArtLink, the collection comprises 2,645 pieces from diverse global artists, with a focus on themes of music and dance. Highlights include the 7.5-ton sculpture 'Harps' valued at $620,000. The ship also showcases historical works and cultural contributions from over 37 nationalities, marking a significant artistic transformation in cruising.

Holland America Line's Rotterdam has embarked on its inaugural 14-day voyage from Amsterdam to Fort Lauderdale. The ship, part of the Pinnacle Class, was delivered in July 2021 and can accommodate 2,668 guests. After the transatlantic journey, Rotterdam will operate Caribbean cruises from November to April, featuring itineraries from six to 11 days. Highlights include a stop at Half Moon Cay, a private Bahamian island. The ship boasts luxury amenities, dining by renowned chefs, and live music venues, reinforcing Holland America Line's reputation for premium cruising.

Carnival Corporation (NYSE: CCL, CUK) announced the pricing of a private offering of $2.0 billion in senior unsecured notes due 2029, with a coupon rate of 6.000%. The offering is set to close on November 2, 2021. Proceeds will be utilized for scheduled debt payments and general corporate purposes, including financing for property and vessel maintenance. The notes will be unsecured and guaranteed by Carnival plc and its subsidiaries. This offering targets qualified institutional buyers and is not registered in the U.S.

Princess Cruises has announced a special promotion offering 50% off select cruises for active first responders and medical professionals. This promotion is valid for cruises sailing from North America through February 2022. Interested individuals must verify their professional status via Sheer ID between October 18-31, 2021. The booking deadline for this discount is December 31, 2021. Additionally, participants can enter a sweepstakes for a chance to win a cruise valued at $2,500. This offer aims to honor the contributions of healthcare heroes during the pandemic.