Carnival Corporation - CCL STOCK NEWS

Princess Cruises has announced the cancellation of its early 2021 World Cruises and Circle South America cruises due to ongoing restrictions on border and port access. The affected ships are Island Princess and Pacific Princess. Guests with bookings will receive a refundable Future Cruise Credit equivalent to 100% of the fare plus an additional 25% non-refundable bonus. Alternatively, they can request a full refund by September 30, 2020. The company will also protect travel advisor commissions on fully paid bookings. More information can be found on their website.

Cunard has announced an extension of its operational pause due to UK Foreign & Commonwealth Office guidance, affecting key ships. Queen Elizabeth will pause operations until March 25, 2021, Queen Mary 2 until April 18, 2021, and Queen Victoria until May 16, 2021. Most sailings for Queen Elizabeth in 2021 are cancelled, with new shorter European itineraries introduced starting late March 2021. Notably, Queen Mary 2 is set for a classic World Voyage in 2022, departing January 3. Guests affected by cancellations are offered a 125% Future Cruise Credit or a 100% refund.

Holland America Line has extended its 'Save Now, Cruise Later: Have it All' promotion until September 30, 2020. This deal offers guests up to $2,300 in value per stateroom, including free drinks, gratuities, specialty dining, WiFi, and reduced deposits. Bookings for holidays 2020 through spring 2022 will benefit from these perks. Additionally, the Cancellation Protection Program allows cancellations up to 24 hours before departure, offering refunds between 80-90% of eligible amounts.

Carnival Corporation (NYSE: CCL; NYSE: CUK) has successfully closed a private offering of $900 million in 9.875% Second-Priority Senior Secured Notes due 2027. The proceeds will be utilized for general corporate purposes. The Secured Notes were exclusively offered to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, remaining unregistered under the Securities Act. Carnival's operations face numerous risks, notably the ongoing impact of COVID-19 on demand and financial stability.

Holland America Line has opened bookings for its 2022 Grand World Voyage and 2021 Grand Africa Voyage. The 128-day Grand World Voyage offers 50 ports across 27 countries, departing Fort Lauderdale on January 3, 2022. Guests can enjoy Early Booking Benefits worth up to $6,760, including onboard credits and 3% savings for early payment. The 71-day Grand Africa Voyage departs on October 10, 2021, featuring 18 African calls and special safari experiences. Both voyages emphasize immersive travel with unique amenities for early reservations.

Carnival Corporation (CCL, CUK) has priced a private offering of $900 million in second-priority senior secured notes with a 9.875% interest rate due by August 1, 2027. The offering is set to close on August 18, 2020. The secured notes are guaranteed by Carnival plc, along with subsidiaries that own significant assets including vessels and intellectual property. Proceeds will be used for general corporate purposes. The notes will be offered to qualified institutional buyers and may not be sold in the U.S. without registration.

Holland America Line has announced the extension of its pause on cruise operations through Dec. 15, 2020, due to ongoing global health concerns. Affected itineraries include those in the Caribbean, Hawaii, South America, and more. Guests will automatically receive future cruise credits (FCC) of 125% or double the deposit amount, depending on payment status. A full refund option is available until Sept. 15, 2020. The company also assures that travel advisor commissions will be protected on full bookings. Holland America Line continues to assess health protocols for future sailings.

P&O Cruises has announced an extension of its operational pause until November 12, 2020, adhering to the Foreign & Commonwealth Office guidance. The company has also cancelled two major itineraries set to depart in January 2021, specifically the Caribbean and South America Adventure and Arcadia's World Cruise. Despite these cancellations, P&O Cruises is witnessing strong demand for future bookings. Guests impacted by the cancellations will receive a 125% Future Cruise Credit or a 100% refund. The new ship Iona is expected to launch before autumn 2020.