Carnival Corporation - CCL STOCK NEWS

Princess Cruises announces the introduction of SMiZE Cream, a super-premium ice cream brand created by Tyra Banks, available on all 15 MedallionClass ships starting mid-March.

Featuring unique flavors and an edible surprise in each cup, SMiZE Cream aims to enhance guests’ experiences at sea. Orders can be made via the innovative OceanNow delivery service. Tyra Banks expresses excitement over the collaboration, emphasizing the synergy in innovation and customer delight. Princess Cruises is a leading cruise line, part of Carnival Corporation (CCL, CUK), renowned for its extensive itineraries and premium experiences.

Carnival Corporation & plc (CCL, CUK) announced the resignation of Arnold Donald from its Boards after 21 years, effective November 30, 2022. Donald, who served as President and CEO until the transition to Josh Weinstein earlier this year, will continue to provide advisory support. Donald expressed pride in the company’s recovery post-pandemic, emphasizing the achievements made during his tenure. Micky Arison and Randy Weisenburger praised Donald’s leadership, highlighting his significant contributions to the cruise industry.

Carnival Corporation has successfully exchanged approximately $87 million of 5.75% Convertible Senior Notes due 2023 for equivalent 2024 Notes, maintaining the same coupon and avoiding shareholder dilution. The new notes will mature on October 1, 2024, and are fully guaranteed by Carnival plc and its subsidiaries, representing a strategic move to secure financing without additional costs. This transaction allows the company to provide stability in its financial obligations amid changing market conditions.

Carnival Corporation announced the exchange of $87 million in outstanding 5.75% Convertible Senior Notes due 2023 for new notes due October 2024, maintaining the same coupon rate. This transaction incurs no upfront costs for the company and results in no dilution to shareholders. The New 2024 Notes will carry the same initial conversion price, and upon closing on November 1, 2022, $96 million in 2023 Notes will remain outstanding. This extension aims to improve liquidity and financial stability amid ongoing uncertainties affecting the leisure travel industry.

Princess Cruises has announced additional inaugural voyages for its new ship, Sun Princess, set to launch in February 2024. The ship will offer a 10-day Grand Mediterranean inaugural cruise departing from Barcelona, Rome, and Athens starting on February 8. The season includes various 10-day and seven-day itineraries across popular Mediterranean destinations, with bookings opening on November 9, 2022. Featuring innovative amenities and a green approach, Sun Princess is powered by Liquefied Natural Gas (LNG), marking a significant advancement in sustainability for the cruise line.

Carnival Corporation (NYSE: CCL; NYSE: CUK) announced plans to enhance its sustainability efforts by installing air lubrication technology on at least 20% of its fleet by 2027. This expansion follows the successful operation of four systems and the current installation of five more. The technology aims to reduce hull drag by approximately 5%, leading to significant fuel savings and decreased carbon emissions. Since 2016, Carnival has invested over $350 million in energy efficiency improvements and remains committed to achieving a 20% reduction in carbon emission intensity by 2030.

On October 26, 2022, Joska, a 10-year-old service dog, celebrated her milestone of 700 cruise days aboard Holland America Line's Rotterdam. This achievement made her eligible for the Platinum Medallion, the highest accolade for past guests. The ceremony included presentations by Holland America Line President Gus Antorcha and Captain Werner Timmers, recognizing Joska's unique status. The Marinussen family, Joska's owners, have been loyal cruisers since 2013, completing nearly 60 cruises, showcasing the strong bond between service animals and travelers.

Holland America Line's Rotterdam made its inaugural call to New York City on October 26, 2022, following a transatlantic journey from Rotterdam, marking the cruise line's 150th anniversary. Manhattan Borough President Mark Levine declared this date an "honorary day" for the line. Celebrations include a special onboard event featuring an exclusive musical performance. The line also announced a partnership with The Statue of Liberty-Ellis Island Foundation to honor its rich history of transporting immigrants. The 150th Anniversary Transatlantic cruise is set to depart on April 6, 2023.