Carnival (CUK) Stock News

Cunard has partnered with the Royal Canadian Geographical Society (RCGS), announced at the RCGS annual dinner in Ottawa on November 16, 2022. This collaboration will feature RCGS experts on select 2023 voyages including the Queen Elizabeth in Alaska from June to August and the Queen Mary 2 from New York to Quebec in September. The partnership aims to enhance guest education about Canada's diverse landscapes and heritage, with a commitment to long-term collaboration in cultural understanding and enrichment programming.

Carnival Corporation has announced a private offering of $1 billion in 5.75% convertible senior notes due 2027 as part of its refinancing plan for 2024 maturities. The notes will pay interest semi-annually starting June 1, 2023, and are convertible into approximately 74.6714 shares of common stock per $1,000 note, with a conversion price of around $13.39. The company can redeem the notes for cash if stock prices exceed $17.41 from December 5, 2025. Proceeds will be used for debt repayment and general corporate purposes.

Carnival Corporation has initiated a private offering of $1 billion in convertible senior notes due 2027 to aid its refinancing strategy for 2024 maturities. These notes will be guaranteed by Carnival plc and specific subsidiaries, allowing conversion under certain conditions. The offering also includes an option for purchasers to buy an additional $150 million in notes. Proceeds will support debt principal payments and general corporate purposes, while the notes are only available to qualified institutional buyers under Rule 144A.

Carnival Corporation & plc announced the appointment of Sara Mathew as an independent director on November 14, 2022. Mathew, a former CEO of Dun & Bradstreet, brings extensive operational and financial expertise to the board and will also serve on the Audit Committees. Concurrently, Sir John Parker will step down from the boards effective after the 2023 Annual Meetings of Shareholders. This change reflects Carnival's focus on long-term growth, with the board now comprising twelve members, including ten independent directors.

Holland America Line has launched a new Refer a Friend program aimed at incentivizing loyal past guests to introduce new travelers to the brand. Under this initiative, new guests will receive a $50 Onboard Credit, while referrers in the Mariner Society loyalty program earn a $50 Future Cruise Credit upon successful bookings. The program is designed to attract first-time cruisers and reward existing customers for their recommendations. With a long-standing reputation in the cruise industry, Holland America Line aims to tap into an untapped market segment.

Carnival Cruise Line has opened reservations for its newest ship, Carnival Venezia, which will start year-round sailing from New York City on June 15, 2023. The ship will feature 22 unique itineraries visiting 25 ports in 14 countries, offering 10 different cruise durations. Starting September 29, 2023, it will operate alternating 8-12 day cruises to destinations like the Eastern and Southern Caribbean. In 2024, another new ship, Carnival Firenze, will join the fleet.

Princess Cruises has launched its Black Friday Sale from Nov. 22 to Nov. 30, offering 60 sailings under $60 per day and hundreds more under $100 per day per guest. Customers can secure bookings with a $1 deposit until Nov. 30, postponing the remaining balance for 90 days before travel. Destinations include Alaska, Caribbean, Panama Canal, and Europe. The offer is available to residents of the U.S., Canada, Puerto Rico, Mexico, and Bermuda.

Holland America Line announces a "Black Friday Offer" from Nov. 17 to Nov. 27, 2022. Customers booking select cruises will enjoy prepaid crew gratuities and discounts of up to 40% off cruise-only fares. This offer is combinable with the Have It All premium package, which includes amenities like shore excursions, a beverage package, specialty dining, and Wi-Fi. The crew appreciation applies to the first two guests in a stateroom and is valid for holiday 2022 sailings through open 2024 cruises, with several worldwide itineraries included.

Cunard, the luxury cruise line, announced a Black Friday/Cyber Monday promotion offering fares starting at $899 and onboard credits of up to $600 per stateroom. The promotion runs from November 17 to December 2, 2022, on select itineraries through January 2024. Notable voyages include a Transatlantic Crossing aboard Queen Mary 2, an Alaska cruise on Queen Elizabeth, and a journey through the Norwegian Fjords on Queen Victoria. Reduced deposits of 50% are also part of the offer.