Carnival Corp Stock Price, News & Analysis

Carnival Corporation (NYSE: CCL; NYSE: CUK) has priced a registered direct offering of 10.4 million shares at $17.59 each, intended to fund the repurchase of $90.8 million in Convertible Senior Notes due 2023. Following the transactions, $536.7 million of the Convertible Notes will remain outstanding. The offering is set to close on November 23, 2020, with no material impact on cash position. Goldman Sachs & Co. LLC is the exclusive placement agent.

Carnival Cruise Line has announced the cancellation of additional cruises for early 2021, including all U.S. embarkations from January 1-31, and various other ports through February 28. Operations in the U.S. will be paused until January 31, 2021, as part of their phased approach to resume services following CDC guidelines. Sixteen ships are currently preparing for a return to operations, including the upcoming Mardi Gras. Carnival is committed to adhering to CDC protocols to ensure guest safety and appreciates the support from guests and partners.

Carnival Corporation (NYSE: CCL; NYSE: CUK) announced a registered direct offering of 57,426,860 shares at $18.05 each, targeting holders of its 5.75% Convertible Senior Notes due 2023. The proceeds, totaling $499,364,000, will fund the repurchase of Convertible Notes in privately negotiated transactions. The offering closes on November 19, 2020, with the Notes' repurchase expected shortly thereafter. Post-transaction, $627,547,000 in Convertible Notes will remain outstanding. Goldman Sachs acts as the placement agent, while PJT Partners serves as an independent advisor.

Cunard has launched its 2022 voyage schedule featuring the Queen Mary 2, Queen Victoria, and Queen Elizabeth, covering over 35 countries with 162 itineraries. Key highlights include the Queen Elizabeth's return to Alaska with voyages starting at $1599 per person, along with exciting transatlantic crossings on Queen Mary 2. Cunard is experiencing high demand for 2021 bookings, and anticipates robust interest for 2022 voyages, supported by early booking offers.

Costa Cruises, part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), has temporarily suspended cruises of the Costa Deliziosa to Greece due to government-imposed travel restrictions related to the coronavirus pandemic. The ship will conclude its current voyage on Nov. 7 and cancel subsequent cruises on Nov. 7, 14, 21, 28 and Dec. 5, 12, 19. Operations are scheduled to resume on Dec. 26 with an Italian itinerary. Costa Cruises is prioritizing safety, compliance, and environmental protection, and will continue offering cruises from its other ship, Costa Smeralda.

Seabourn announces strong booking volumes for its 2022 World Cruise: Extraordinary Horizons, with over 50% of segments sold since its launch. The cruise, departing Los Angeles on January 11, 2022 and concluding in Athens on June 6, 2022, will visit 72 ports across 28 countries. Exclusive events and complimentary benefits await guests who book the entire cruise by May 31, 2021. This surge in bookings indicates a strong desire among luxury travelers for long vacations as travel opportunities expand.

P&O Cruises has announced early booking offers for its summer 2022 programme, featuring over 150 holiday options from Southampton and Mediterranean fly/cruises. Key offers include a 5% low deposit and a 10% discount for past guests. Child places start at £49 for off-peak and £199 for peak periods. The cruise itineraries range from four to 30 nights, including various destinations like Norway and the Mediterranean. Pre-registration begins on November 3, 2020, with bookings opening on November 11, 2020. The programme runs from April to October 2022.

Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK) announced an extension of the pause in operations for its North American cruise lines, suspending voyages between Dec. 1 and Dec. 31, 2020. CEO Arnold Donald affirmed the company’s commitment to compliance and safety and noted collaboration with health authorities to plan a safe restart of cruising. Updates regarding affected cruises will be communicated individually by each brand. The company emphasizes its dedication to the health and well-being of guests and crew.