Carnival Corp Stock Price, News & Analysis

Cunard, a luxury cruise brand under Carnival Corporation (NYSE: CCL; NYSE: CUK), has announced significant leadership changes in its North American operations. Jamie Paiko has been appointed vice president of sales, Nicole Knox promoted to director of marketing, and Jeriel Lubaton's role expanded to include customer service management. These appointments align with Cunard's strategy to strengthen its market presence, particularly with plans to resume operations in Alaska. The company's focus remains on enhancing customer experience and sales effectiveness as cruising resumes.

Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK) has successfully closed private offerings totaling $1,450 million in senior unsecured notes and €500 million in Euro notes, both maturing in 2026. The proceeds will support general corporate purposes, including financing property, plant, and equipment. The notes were offered to qualified institutional buyers and non-U.S. investors only. The press release emphasizes caution on forward-looking statements due to potential risks, particularly from the ongoing impacts of COVID-19 on operations and financial performance.

AIDA Cruises, a prominent cruise line in Germany and part of Carnival Corporation (NYSE: CCL, CUK), will launch Canary Island cruises starting on December 5, 2020. The cruise season will commence with AIDAperla, with AIDAmar following for the Christmas voyage on December 20, 2020. Enhanced health and safety protocols, including free COVID-19 testing and strict hygiene measures, have been established in collaboration with national and international authorities. However, cruises on AIDAstella and AIDAprima from December 1, 2020 to January 26, 2021 have been canceled due to the current situation in the Emirates, Spain, and France.

P&O Cruises has announced an extension of their operations pause until April 2021 due to ongoing uncertainty regarding European ports amid changing travel regulations. President Paul Ludlow expressed disappointment but emphasized the importance of canceling further cruises for guests' convenience. Affected guests will receive a 125% Future Cruise Credit or a 100% refund. Despite cancellations, the company reports strong demand for its 2022 holiday program, showing confidence in future cruising. The new ship Iona, launching in 2021, is set to enhance cruising experiences.

Carnival Corporation (NYSE: CCL; NYSE: CUK) announced the closing of a registered direct offering, selling 10.4 million shares at $17.59 each. Proceeds from this offering were used to repurchase $90.8 million of its Convertible Senior Notes. Following the repurchase, $536.7 million of the notes remain outstanding. Goldman Sachs acted as the placement agent, with PJT Partners serving as an independent advisor. This strategic move aims to enhance the corporation's financial flexibility amidst ongoing market challenges.

Holland America Line announces a weeklong Black Friday Sale from Nov. 25 to Dec. 1, 2020, offering up to $2,300 value per stateroom through complimentary amenities including a free Wi-Fi package, specialty dining, and beverage packages. The sale is part of the Save Now, Cruise Later promotion, providing low fares for family bookings and bonuses on gift card purchases. Gift card offers include a $50 bonus for $500 purchases and up to a $200 bonus for two $1,000 cards. Bookings under this promotion must be made by Dec. 8, 2020.

Carnival Corporation has priced a private offering of $1,450 million in senior unsecured notes and €500 million in Euro notes, both due in 2026. The offering amount increased from $1,000 million and €300 million. The notes will yield 7.625% interest, paid semi-annually starting March 1, 2021. The offerings are set to close on November 25, 2020, subject to conditions. Net proceeds will finance corporate purposes, including costs related to vessels. The notes are offered to qualified institutional buyers only, and not registered under securities laws.

Seabourn has announced the cancellation of select 2021 voyages for the Seabourn Odyssey and Seabourn Quest as part of a strategy for resuming operations post-pandemic. Cancellations for the Odyssey span from January 16 to November 5, while the Quest sees cancellations for voyages over 7 days from July 22 to November 6. Guests affected will receive 125% Future Cruise Credits or can opt for a full refund. This decision aligns with CDC guidelines for U.S. port call sailings.

Holland America Line is extending its cruise pause for all operations through March 31, 2021, in compliance with CDC guidelines. Longer voyages and cruises to U.S. ports are canceled until November 1, 2021. Guests will receive Future Cruise Credits of up to 125% of their fare for canceled bookings. They have the option for full refunds by December 31, 2020. New cruise schedules will be established for 2022 with added benefits such as $150 shipboard credits. Holland America is preparing its fleet to meet safety protocols for future sailings.