Carnival Plc Stock Price, News & Analysis

Holland America Line's Rotterdam has embarked on its inaugural 14-day voyage from Amsterdam to Fort Lauderdale. The ship, part of the Pinnacle Class, was delivered in July 2021 and can accommodate 2,668 guests. After the transatlantic journey, Rotterdam will operate Caribbean cruises from November to April, featuring itineraries from six to 11 days. Highlights include a stop at Half Moon Cay, a private Bahamian island. The ship boasts luxury amenities, dining by renowned chefs, and live music venues, reinforcing Holland America Line's reputation for premium cruising.

Carnival Corporation (NYSE: CCL, CUK) announced the pricing of a private offering of $2.0 billion in senior unsecured notes due 2029, with a coupon rate of 6.000%. The offering is set to close on November 2, 2021. Proceeds will be utilized for scheduled debt payments and general corporate purposes, including financing for property and vessel maintenance. The notes will be unsecured and guaranteed by Carnival plc and its subsidiaries. This offering targets qualified institutional buyers and is not registered in the U.S.

Princess Cruises has announced a special promotion offering 50% off select cruises for active first responders and medical professionals. This promotion is valid for cruises sailing from North America through February 2022. Interested individuals must verify their professional status via Sheer ID between October 18-31, 2021. The booking deadline for this discount is December 31, 2021. Additionally, participants can enter a sweepstakes for a chance to win a cruise valued at $2,500. This offer aims to honor the contributions of healthcare heroes during the pandemic.

Carnival Corporation & plc has successfully closed a $2.3 billion first-priority senior secured term loan facility. The funds will be utilized to redeem all outstanding 11.500% First-Priority Senior Secured Notes due 2023, resulting in annual interest savings of over $135 million and extended loan maturities until 2028. Loans will accrue interest at adjusted LIBOR plus a margin of 3.25%. This refinancing aims to improve financial positioning amid ongoing challenges from the COVID-19 pandemic.

Princess Cruises has officially resumed service with its third U.S. ship, Emerald Princess, departing from Los Angeles on a 15-day Panama Canal cruise. The inaugural guests were welcomed aboard with a ribbon-cutting ceremony. Emerald Princess is set to arrive in Ft. Lauderdale on October 30, 2021, followed by a series of 10-day cruises until December. The ship features MedallionClass technology, enhancing guest experiences through touch-free services. Vaccination protocols are in place, requiring guests to be fully vaccinated and provide a negative COVID-19 test.

Holland America Line announced that Her Royal Highness Princess Margriet of the Netherlands will be the godmother of the Rotterdam, marking the 13th ship named by a Dutch Royal. This continues the line's tradition with the royal family, dating back to 1929. The Rotterdam will be named in Rotterdam next year, with its maiden cruise departing on Oct. 20, 2021. The ship, delivered on July 30, 2021, will sail various itineraries from Fort Lauderdale and return to Europe for a summer season in Norway and the Baltic.

Princess Cruises announces the return of three additional ships to service from February to April 2022, enhancing its operations in the United States. Crown Princess, Island Princess, and Royal Princess will sail from Los Angeles, Seattle, Vancouver, and Ft. Lauderdale, joining eight ships already in operation, which represents 79% of their capacity. Enhanced health protocols will be in place, requiring vaccination for guests and crew. The MedallionClass technology offers touchless experiences onboard. Cancellations of select Crown Princess cruises will occur to accommodate the restarts.

Carnival Corporation has appointed John Padgett as the new president of Princess Cruises, effective immediately. Padgett, previously chief experience and innovation officer, will manage all operational functions of Princess Cruises, which operates a fleet of 14 ships. He will report to Jan Swartz, who has led the brand since 2013. Padgett is recognized for his role in developing the award-winning MedallionClass® experience, which enhances guest experiences through innovative technology. His leadership aims to drive further growth as the cruise line navigates a dynamic market.