Carnival Corporation - CCL STOCK NEWS

Carnival Cruise Line has announced that reservations are now open for their newest ship, Carnival Luminosa, with inaugural sailings beginning on Nov. 6, 2022 from Brisbane, Australia. The ship will also reposition for seasonal service to Alaska in May 2023. Carnival Luminosa features a blend of classic and new elements, including a vintage funnel design and popular onboard activities such as dining, entertainment, and spa services. The ship will offer various itineraries, including trips to the Great Barrier Reef and key Alaskan ports.

Carnival Corporation has successfully closed the exchange of approximately $339 million in 5.75% Convertible Senior Notes, maturing in 2024, extending the maturity from 2023. This exchange incurs no upfront cost and causes no dilution to shareholders, maintaining the same conversion price. The New Notes will be guaranteed by Carnival plc and subsidiaries. The notes were issued without registration under the Securities Act, highlighting Carnival's strategy to manage its debt effectively amidst ongoing uncertainties, including the impacts of COVID-19.

Carnival Corporation has announced a privately negotiated exchange agreement involving $339 million of existing 5.75% Convertible Senior Notes due 2023. The exchange will replace these with new notes of the same amount, maintaining a 5.75% coupon and extending maturity to October 2024. This move presents no dilution to shareholders and incurs no upfront costs. Following the exchange, $183 million of the original notes will remain outstanding, with the exchange expected to close on August 22, 2022.

Princess Cruises has partnered with Trackhouse Racing, sponsoring Daniel Suárez's No. 99 Chevrolet Camaro for upcoming NASCAR races at Watkins Glen on Aug. 21 and Homestead on Oct. 23. This collaboration aims to engage NASCAR fans by promoting cruise travel. With 15 ships serving 330 destinations, Princess Cruises is committed to enhancing the NASCAR experience for fans. Trackhouse Racing seeks to showcase the appeal of cruise vacations to its expanding audience, enhancing brand visibility within the sport.

Carnival Cruise Line reported a significant surge in booking activity, with reservations on August 15, 2022, nearly doubling compared to the same day in 2019. This increase follows the relaxation of pre-cruise vaccination and testing requirements for guests, effective from September 6, 2022. Christine Duffy, president of Carnival, noted strong occupancy projections for summer and solid bookings through 2022, indicating high pent-up demand. Carnival continues to emphasize health and safety while refining protocols in collaboration with medical experts.

Seabourn has updated its COVID-19 guest protocols effective from September 6, 2022, streamlining requirements for cruises departing on or after this date. Fully vaccinated guests on cruises up to 15 nights no longer need a pre-cruise COVID test, while unvaccinated guests must take a self-test within three days before embarkation. For cruises over 16 nights, all guests need a medically supervised negative test. These changes aim to enhance guest access while maintaining safety standards amid evolving public health guidelines.

Holland America Line is updating its COVID-19 protocols to enhance guest access while meeting public health goals. Effective Sept. 6, 2022, vaccinated guests on voyages up to 15 nights will no longer need pre-cruise testing, while unvaccinated guests are required to self-test within three days before sailing. Longer voyages will still necessitate medically supervised testing. This initiative aims to simplify the cruising experience, responding to guests' excitement about returning to travel.

Carnival Cruise Line announced new protocols to simplify vaccination and testing requirements for guests, effective from September 6, 2022. Vaccinated guests no longer need pre-cruise testing, except for certain international destinations. Unvaccinated guests can sail without an exemption request, needing only a negative test result. This update aims to enhance accessibility for cruise enthusiasts and is anticipated to increase passenger numbers.

Christine Duffy, president of Carnival, highlighted the positive impact on bookings and emphasized the company's growth with new ships joining the fleet.

Princess Cruises has updated its COVID-19 protocols effective September 6, allowing unvaccinated guests to cruise with less stringent testing requirements. Vaccinated guests on voyages under 16 days no longer need pre-cruise testing. Unvaccinated guests must self-test within three days of sailing and provide proof of a negative test. These guidelines apply to most itineraries, with exceptions based on local regulations in places like Canada and Australia. This shift aims to make the cruise experience more accessible while ensuring safety for all guests.