Carnival Corporation - CCL STOCK NEWS

Princess Cruises has announced revised 2025 World Cruise itineraries due to uncertainties in the Red Sea and surrounding region. The World Cruises will no longer visit the Middle East or Asia but will offer new port stops in Africa and Europe. The Island Princess World Cruise will cover 36,700 nautical miles, visiting 46 destinations in 24 countries and six continents. The Crown Princess World Cruise will visit 42 destinations in 22 countries across five continents and will bypass the Red Sea and surrounding region. Both cruises aim to provide a destination-rich experience for guests.

Carnival has completed the fleetwide rollout of LR OneOcean's EnviroManager+ software, setting a new standard for maritime journey and environmental planning. The system aims to streamline passage planning and ensure compliance with various environmental regulations worldwide. The collaborative development involved senior maritime officials, shipboard crew members, industry experts, and technology innovators, resulting in an intuitive tool for ship crews to enhance environmental planning and monitoring during voyages. The software visualizes environmentally regulated zones globally, overlays Carnival -specific environmental policies, and provides real-time updates on regulations for efficient voyage planning and environmental operations. The application offers automatic route generation, validation of planned operations, and continuous compliance monitoring throughout each voyage.

Carnival & plc announced the closing of a €500 million 5.75% Senior Unsecured Notes Offering, along with the repricing of Senior Secured First Lien Term Loan B Facilities. The transaction included partial prepayment of $800 million under Senior Secured First Lien Term Loan B Facilities and the redemption of 2026 Euro Unsecured Notes. The company aims to reduce debt and interest expenses by over $30 million for the remainder of 2024 and over $50 million annually.

Award-winning actress Hannah Waddingham christens Sun Princess in a ceremony at the Port of Barcelona, joined by notable celebrities and TV personalities. Princess Cruises President John Padgett praises Waddingham's contribution as godmother, highlighting the ship's innovative features and worldwide destinations. The event also unveils Princess' upcoming ship enhancements, exclusive Sanctuary Collection debut, and Star Princess' Alaska voyages. Additionally, Princess collaborates with celebrities to launch Love Line Premium Liquors and introduces Love by Britto dining experience aboard Sun Princess.

Princess Cruises introduces an exclusive Sanctuary Collection aboard Sun Princess and Star Princess, offering guests a luxurious and all-inclusive oasis with top-deck retreat areas, private dining, and high-end amenities. The collection includes plush lounge furniture, private cabanas, pool, jacuzzi, priority specialty restaurant reservations, and premium stateroom amenities. Guests can enjoy sunrise yoga classes, sail-away receptions, and spacious accommodations in three different stateroom types. The Sanctuary Collection aims to provide an unparalleled experience surpassing other cruise lines' offerings, making it a top choice for those seeking indulgence and exclusivity.

Seabourn plans special entertainment and activities to commemorate Seabourn Odyssey's farewell voyage, featuring incredible entertainment, special guests, and culinary offerings. The 22-day Pacific Passage will celebrate the ship's 15 years of service with appearances from the original team and performing cast, unique gifts, and memories. The farewell voyage offers special entertainment by guest performers, distinguished speakers, an artist in residence program, and signature events. Seabourn Odyssey will visit 11 ports and destinations, including Kodiak Island, Hubbard Glacier, and Hakodate, Japan, to mark the first turn of fall foliage.

Carnival & plc announced the pricing of €500 million 5.75% senior unsecured notes offering for refinancing and interest expense reduction, along with the successful repricing of senior secured first lien term loan B facilities. The company plans to use the proceeds to redeem existing debt and reduce interest expenses, resulting in significant cost savings. The Notes Offering and Repricing Transaction are part of the company's ongoing debt reduction and capital structure simplification strategy, expected to lower net interest expenses by over $30 million for the remainder of 2024 and over $50 million annually. The transactions are set to close on April 25, 2024, subject to customary conditions. The Notes will pay interest annually at a rate of 5.75% and mature in 2030, while the term loan facilities will bear interest based on SOFR with a margin of 2.75%. PJT Partners is acting as the financial advisor to Carnival & plc.

Cunard officially welcomes the new ship Queen Anne with a ceremony at Fincantieri Shipyard. The luxury cruise line's 3,000-guest ship joins the fleet after a handover ceremony in Venice. Queen Anne, the 249th ship under the Cunard flag and the third built by Fincantieri, offers innovative design concepts, partnerships with renowned chefs and wellness experts, and enhanced entertainment and dining options. The ship sets sail for Southampton and embarks on its maiden voyage to Lisbon on May 3, followed by a British Isles Festival Voyage with a Naming Ceremony in Liverpool on June 3.

Seabourn appoints Wunambal Gaambera Traditional Owners as godparents of Seabourn Pursuit, the first cruise line to do so, showcasing a commitment to sustainable tourism. The partnership involves a donation to support sustainable initiatives and the development of tourism facilities for the Traditional Owners. This collaboration aims to promote cultural exchange and economic opportunities while highlighting the unique Uunguu Experience of the Wunambal Gaambera people.