Carnival (CUK) Stock News

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced the pricing of €1.0 billion senior unsecured notes offering with a 4.125% interest rate, due 2031. The notes will be issued by Carnival plc and guaranteed by Carnival Corporation and certain subsidiaries.

The proceeds will be used to fully repay the 2027 Term Loan Facility and partially repay the 2028 Term Loan Facility. This follows a $450.0 million prepayment made on June 27, 2025, towards the 2027 Term Loan Facility. The notes offering is expected to close on July 7, 2025, with interest payments beginning July 15, 2026.

The notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act. This strategic move aims to deleverage, reduce interest expense, simplify capital structure, and manage maturity profile.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced the launch of a private offering of €1.0 billion senior unsecured notes due 2031. The offering is intended to refinance existing debt, specifically to fully repay Carnival Corporation's first-priority senior secured term loan facility maturing in 2027 and partially repay the facility maturing in 2028.

The notes will feature investment grade-style covenants and will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act. The notes will not be registered under the Securities Act or state securities laws.

Princess Cruises (NYSE:CCL) has achieved a remarkable milestone by receiving 16 Wine Spectator Awards of Excellence in the publication's 2025 Restaurant Awards. This recognition encompasses all ships in their fleet, with 15 main dining rooms and the Sanctuary Collection restaurant on Sun Princess being honored, surpassing all other cruise lines.

The cruise line's wine program features over 250 labels from renowned wine regions and includes biodynamic, organic, vegan, and sustainable wines. Princess also offers the exclusive Love Lines Premium Liquors Collection, featuring celebrity-crafted wines including selections from Taraji P. Henson, Jason Aldean, Romero Britto, and Kylie Minogue.

Carnival Corporation (NYSE:CCL) reported exceptional Q2 2025 financial results, surpassing guidance and achieving its highest-ever second quarter operating performance. The company delivered record Q2 revenues of $6.3 billion and improved net income by nearly $475 million, with adjusted net income more than tripling compared to 2024.

Key highlights include reaching all-time high customer deposits of $8.5 billion, exceeding 2026 SEA Change financial targets 18 months early with adjusted ROIC over 12.5%, and achieving a 52% increase in adjusted EBITDA per ALBD. The company also expanded its revolver capacity to $4.5 billion, representing a 50% increase, and maintained strong booking positions for 2025-2026 at historical high prices.

DXC Technology has secured a multi-year agreement with Carnival Cruise Line to manage the cruise operator's core IT infrastructure across its global operations. The partnership covers shipboard systems, shoreside offices, and port facilities for Carnival's 29-ship fleet. DXC will provide comprehensive services including workplace support, IT service management, infrastructure operations, and security risk management. The solution features enhanced cybersecurity, expert staffing, automation support, and a scalable model. This collaboration aims to improve operational efficiency, enhance employee productivity, and ensure a seamless experience for millions of cruise guests annually. The partnership represents a significant expansion of DXC's presence in the hospitality and travel sectors.

Cunard cruise line launches its 185th Anniversary Sale, offering special rates starting at $899 per person and $185 Onboard Credit per stateroom across 185 selected voyages from 2025-2027. The promotion, running through July 9, 2025, covers destinations including Alaska, Caribbean, Canada, Europe, Mediterranean, Panama Canal, and Transatlantic routes. The sale features voyages on all four Cunard ships, including the flagship Queen Mary 2, Queen Victoria, newly renovated Queen Elizabeth, and new Queen Anne. Notable offerings include Queen Elizabeth's first-time homeport in Miami for Caribbean cruises, Alaska summer voyages from Seattle, and a special Transatlantic Fashion Week voyage on Queen Mary 2 featuring designer Christian Siriano and fashion icons Coco Rocha and Bob Mackie.

Carnival Cruise Line (CCL) announced the launch of 'Carnival Rewards', a new loyalty program set to debut in June 2026, replacing the current Very Important Fun Person (VIFP) program. The innovative points-based system introduces a dual-earning structure where guests earn both redeemable Carnival Rewards points and status qualifying stars. The program features four tiers (Red, Gold, Platinum, Diamond) and allows members to earn status through cruise fare, onboard purchases, and credit card spending via the Carnival Rewards Mastercard. Points can be redeemed for onboard activities, spa treatments, specialty dining, and future cruises. Existing member status will be honored during transition, with Diamond members retaining status until May 2032. The program aims to provide greater flexibility and personalization while addressing challenges in delivering exceptional experiences to top-tier members.

Seabourn, a leader in luxury cruise travel, is enhancing its culinary program with a stronger focus on destination-inspired dining experiences. The cruise line is implementing new dinner menus, expanding local ingredient sourcing, and increasing chef-led shore excursions. Key updates include 24 new menu items at The Restaurant, expanded 'Shopping with the Chef' programs in ports like Ho Chi Minh City and Quebec City, and enhanced regional cuisine offerings featuring fresh seafood. Executive chefs are developing relationships with local purveyors to secure regional ingredients, offering experiences like fresh seafood tastings in Alaska and oyster shucking in Prince Edward Island. The program aims to create authentic dining experiences that reflect local cultures and flavors across their fleet.

Carnival Corporation has secured a new $4.5 billion multi-currency revolving credit facility maturing in June 2030, replacing its existing facility. The New Revolver represents a 50% increase in capacity and includes an accordion feature allowing for up to $1.0 billion in additional revolving commitments. The facility will be unsecured and initially guaranteed by subsidiaries that guarantee the company's senior secured term loan facilities. CFO David Bernstein emphasized that this enhancement strengthens their liquidity position and demonstrates confidence in their performance, marking progress in rebuilding their financial position. The arrangement involves Carnival Corporation and Carnival plc as borrowers, working with a global syndicate of financial institutions and JPMorgan Chase Bank as administrative agent.