Carnival Corp - CCL STOCK NEWS

Holland America Line has announced its 2026-2027 cruise seasons for Panama Canal and Hawaii, opening bookings for voyages ranging from 14 to 28 days across six ships. The Panama Canal offerings include 12 voyages (14-21 days) aboard Eurodam, Nieuw Amsterdam, and Zuiderdam, departing from various North American ports including Vancouver, Seattle, San Diego, Miami, and Fort Lauderdale.

The Hawaii itineraries feature six options (17-28 days) aboard Koningsdam, Noordam, and Zaandam. A special 18-Day Circle Hawaii Holiday cruise aboard Zaandam includes Thanksgiving celebration in Honolulu. The company also offers a unique 27/28-Day Legendary Glaciers & Volcanoes cruise combining Alaska and Hawaii.

Starting fares begin at $3,029 for Hawaii cruises and $3,449 for Panama Canal voyages, per person with double occupancy. The 'Have It All' premium package includes shore excursions, specialty dining, beverage package, Wi-Fi, and free prepaid crew appreciation.

Carnival (NYSE/LSE: CCL) is implementing advanced hull technology and maintenance strategies to enhance fuel efficiency across its cruise fleet. The company combines custom hull designs, propulsion hardware, and underwater drone inspections to optimize hydrodynamic performance and reduce underwater drag.

Key initiatives include:

• Computer-assisted hull design optimization
• Trim optimization through internal ballast water transfer
• High-efficiency podded propellers on over 40 ships, offering up to 7% better efficiency
• Air Lubrication Systems (ALS) on 10% of the fleet, reducing fuel consumption by 5%+, with 10 more ships planned for conversion
• Underwater drone inspections for hull maintenance
• ROV robot hull cleaners trials
• Testing of next-gen hull coatings on 15% of the fleet

These initiatives support Carnival's goal of achieving net zero greenhouse gas emissions by 2050.

Seabourn has unveiled its new 'Authors at Sea' program for select 2025 voyages, featuring renowned literary figures as part of their Seabourn Conversations enrichment initiative. New York Times bestselling authors, historians, and biographers will join various cruises between March and December 2025.

The program includes notable authors such as Debbie Macomber, Ann Cleeves OBE, Robert King Wittman, and Lord Jeffrey Archer. Guests will have opportunities to engage with these authors through meals, shore excursions, casual conversations, and interactive sessions including writing workshops.

Featured activities include crime-writing workshops by Ann Cleeves, writing workshops for aspiring authors by Debbie Macomber, and specialized presentations by former FBI Art Crime Team founder Robert K Wittman. The program aims to create memorable experiences while providing enrichment opportunities for cruise guests.

Carnival Cruise Line is set to open Celebration Key, a new exclusive destination in Grand Bahama, on July 19, 2025. The destination features five distinct portals: Paradise Plaza (main gateway), Starfish Lagoon (family area with waterslides), Calypso Lagoon (adult-focused with DJ island), Pearl Cove Beach Club (premium adult-only), and Lokono Cove (Bahamian artisan retail village).

The destination's centerpiece is a 10-story Suncastle with racing waterslides. Notable features include two freshwater lagoons spanning seven acres with seven million gallons of water, supported by a seawater desalination system. The project has involved 28 Bahamian companies and employs about 500 workers daily. Environmental initiatives include replanting thousands of native trees, including 1,000 preserved sabal palms.

Celebration Key will be featured on hundreds of Carnival itineraries across 20 ships sailing from 10 U.S. homeports through 2027, with Carnival Vista making the inaugural call.

Carnival has announced the pricing of $1.0 billion 5.750% senior unsecured notes due 2030. The proceeds will be used to redeem existing $1.0 billion 10.500% senior unsecured notes due 2030. This refinancing strategy aims to reduce net annual interest expense by approximately $45 million.

The new notes will pay interest semi-annually on March 15 and September 15, beginning September 15, 2025. The offering is expected to close on February 28, 2025. The notes will be fully guaranteed by Carnival plc and certain subsidiaries that guarantee other secured and unsecured indebtedness.

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.

Carnival (NYSE/LSE: CCL; NYSE: CUK) has announced a private offering of $1.0 billion in new senior unsecured notes, set to mature in 2030. This offering aims to refinance the company's existing 10.500% senior unsecured notes due 2030. The primary goal is to reduce interest expenses, and the new notes will feature investment grade-style covenants.

The company has issued a conditional notice to redeem the entire outstanding principal of the existing 2030 notes on February 28, 2025. The redemption price will be 100.0% of the principal amount plus a 'make-whole' premium and accrued interest. The redemption will be funded through the new notes offering proceeds and cash on hand.

The new notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act.

Seabourn has announced its Northern Europe cruise itineraries for summer 2025, featuring the Seabourn Sojourn sailing across The British Isles, Norwegian Fjords, and Iceland Coast from May to August. The vessel will visit over 40 destinations in 12 countries through nine itineraries ranging from 7 to 24 days, departing from Dover, Reykjavik, and Greenock.

The season culminates with the '24-Day Route of The Vikings' from Dover to Montreal. Key destinations include Fishguard (Wales), Oban (Scotland), and Saint Helier (Jersey), offering experiences from castle visits to wildlife viewing. The company is also promoting its 2026 Northern Europe voyages on Seabourn Ovation, including special events like the total solar eclipse viewing on August 12, 2026.

Through 'The Sail of the Year Event' (until February 18, 2025), guests can save up to 15% and receive up to $1,000 shipboard credit per suite on select voyages.

Princess Cruises is expanding its Alaska National Parks cruisetours for 2025 and 2026, offering new itineraries that visit three to five national parks. The expanded program combines the seven-day 'Voyage of the Glaciers' cruise with scenic rail travel and stays at four Princess-owned wilderness lodges.

The new offerings include the National Parks Expedition (15 days, 5 parks), National Parks Explorer (14 days, 4 parks), Katmai National Park tour (9 days, 2 parks), and National Parks Adventurer (14 days, 3 parks). During the Alaska season from April through September, Princess will operate seven ships in 2025 and eight ships in 2026, departing from Los Angeles, San Francisco, Seattle, Vancouver, and Anchorage.

The cruises feature the North to Alaska program, which includes local lumberjacks, Iditarod champions, storytellers, fresh Alaska seafood menus, and commentary by Glacier Bay Park Rangers and Naturalists.

Carnival has successfully closed a $2.0 billion senior unsecured notes offering with a 6.125% interest rate, maturing in 2033. The proceeds, combined with cash on hand, were used to redeem $2.03 billion of 10.375% senior priority notes due 2028. This refinancing strategy is expected to reduce net annual interest expense by over $80 million, representing a reduction in interest expense of over 4%.

The new notes will pay interest semi-annually starting August 15, 2025, and are fully guaranteed by Carnival plc and certain subsidiaries. The offering features investment grade-style covenants and was exclusively available to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act.