Welcome to our dedicated page for Carnival news (Ticker: CUK), a resource for investors and traders seeking the latest updates and insights on Carnival stock.
Carnival plc (CUK) news reflects Carnival Corporation & plc's cruise operations and corporate-status announcements tied to its ADR and foreign-issuer securities. Company updates commonly cover the group's cruise-line portfolio, including Carnival Cruise Line, Princess Cruises, Holland America Line, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises and Seabourn.
Recurring releases highlight ship deployments, destination programs, onboard upgrades, voyage itineraries, fleet investments, maritime training initiatives and brand-level developments across Alaska, Europe, the Caribbean, the Panama Canal and global cruise routes. Corporate updates also cover listing, governance and structural matters associated with Carnival plc securities.
Carnival Corporation & plc (NYSE: CCL; NYSE: CUK) announced the closure of a registered direct offering of 93,663,808 shares at $14.02 each to select holders of its 5.75% Convertible Senior Notes due 2023. The proceeds, totaling $836.3 million, will be utilized to repurchase Convertible Notes through private transactions. An additional 5.5 million shares will be offered on August 10, aiming to repurchase $49.3 million more in Convertible Notes. Post-repurchase, $1.13 billion in Convertible Notes will remain outstanding.
On August 6, 2020, over 17,000 participants engaged in the WTTC/Carnival Corporation Global Scientific Summit on COVID-19, featuring insights from 12 health experts on combating the pandemic. Hosted by the WTTC and Carnival Corporation, the event aimed to offer evidence-based practices for safe travel. Speakers discussed crucial topics like epidemiology, transmission, and testing. Gloria Guevara (WTTC) emphasized the need for enhanced testing and tracing programs, while Arnold Donald (Carnival) highlighted the importance of public health communication during the pandemic.
Carnival Corporation (NYSE: CCL; NYSE: CUK) announced a registered direct offering of 99,185,968 shares at $14.02 per share, aimed at repurchasing $885.6 million of its Convertible Senior Notes due 2023. The transactions will not materially affect its cash position, as no proceeds will be received. The offering is expected to close on August 7, 2020. Post-repurchase, $1.13 billion of Convertible Notes will remain outstanding. Goldman Sachs acts as the placement agent, with the transaction subject to customary closing conditions.
Carnival Corporation (NYSE: CCL; NYSE: CUK) announced its partnerships with EGE CELIK and SIMSEKLER for the responsible dismantling and recycling of two retired cruise ships. This initiative supports the company's phased strategy to resume cruise operations while committing to sustainability through compliance with EU, IMO, and other international regulations. The collaboration with Sea2Cradle ensures optimal safety and environmental standards throughout the recycling process, which aims to reuse and recycle a significant percentage of materials, reinforcing Carnival's commitment to a sustainable cruise industry.
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Carnival Corporation and the World Travel & Tourism Council (WTTC) will host the Global Scientific Summit on COVID-19 on July 28, 2020, from 2 p.m. to 5:30 p.m. GMT. The virtual event aims to enhance understanding of COVID-19 through expert panels discussing epidemiology, transmission, testing, therapeutics, and risk mitigation. This free event is open to the public and targets global tourism leaders including WTTC members and private businesses, emphasizing the application of scientific knowledge to manage COVID-19's impact on society.
The World Travel & Tourism Council (WTTC) and Carnival Corporation announced a Global Science Summit on COVID-19 scheduled for July 28, aimed at sharing insights from leading medical experts. The event will feature discussions on various COVID-19 related topics such as epidemiology, transmission, and therapeutics. The summit, which is open to the public, highlights the collaboration between WTTC and Carnival to address practical solutions for living with COVID-19. Notable panelists include experts from prestigious institutions like the University of Miami and Mayo Clinic.
Carnival Corporation & plc (NYSE: CCL; CUK) announced the closing of a private offering totaling $775 million in 10.500% Second-Priority Senior Secured Notes and €425 million in 10.125% Second-Priority Senior Notes, both due in 2026. These proceeds will support general corporate purposes. The offering was limited to qualified institutional buyers and non-U.S. investors. Carnival emphasizes that this release does not constitute a sales offer for securities.
Carnival Corporation & plc announced the pricing of private offerings totaling $775 million in USD Notes and €425 million in Euro Notes, both due in 2026. The USD Notes carry a 10.500% interest rate, while the Euro Notes are set at 10.125%. Interest payments will be made semi-annually, starting February 1, 2021. The notes will be secured by a second-priority lien on various assets, including vessels and intellectual property. Net proceeds will be used for general corporate purposes, with offerings closing on July 20, 2020.