Welcome to our dedicated page for Carnival news (Ticker: CCL), a resource for investors and traders seeking the latest updates and insights on Carnival stock.
Carnival Corporation & plc (CCL), the world's largest cruise company, maintains this dedicated news hub for investors and industry stakeholders. Access official press releases, financial disclosures, and operational updates from the parent company of Carnival Cruise Line, Princess Cruises, and other leading brands.
This resource provides timely updates on earnings reports, fleet expansions, sustainability initiatives, and strategic partnerships. Monitor key developments affecting the leisure travel sector through verified announcements directly from the corporation and related analysis.
Content spans quarterly financial results, new itinerary launches, leadership changes, and technological innovations in maritime operations. Bookmark this page for streamlined tracking of CCL's global business activities across its nine cruise line subsidiaries.
Carnival Corporation & plc announced a successful upsizing of its private offering, pricing $2.03 billion of 10.375% Senior Priority Notes due 2028. The initial offering was increased from $1.25 billion due to strong demand. Proceeds will be used to repay revolving credit facility amounts. The Notes will pay interest semi-annually starting May 1, 2023, and are callable from May 1, 2025. The offering is expected to close on October 25, 2022.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced the commencement of a private offering of $1.25 billion Senior Priority Notes due 2028. These notes will be guaranteed by Carnival Corporation and its subsidiaries, with 12 unencumbered vessels contributed to the Issuer. Proceeds from the offering will be used for debt principal payments and corporate purposes. The offering targets qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, without registration under the Securities Act.
Holland America Line will host the Alaska Cruise and Travel Show on November 5, 2022, in Phoenix, Arizona. This free event showcases Alaska's attractions, allowing attendees to engage in activities like gold panning and axe throwing. Guests can win one of seven Alaska cruises and enjoy promotional offers including up to $350 spending credit for cruise bookings made at the show. The brand aims to leverage its 75 years of Alaska exploration expertise to connect with local travelers.
Carnival Corporation reported a third quarter 2022 net loss of $770 million and an adjusted net loss of $688 million. Despite this, the company achieved an adjusted EBITDA exceeding $300 million, marking its first positive quarter since returning to operations. Revenue surged by nearly 80% compared to the previous quarter, and occupancy rose 15 percentage points. Booking volumes significantly outpaced 2019 levels following relaxed protocols. The company ended the quarter with $7.4 billion in liquidity, bolstered by a $1.15 billion equity offering.
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