Carnival Corporation - CCL STOCK NEWS

Seabourn, the ultra-luxury cruise line, has been named "#1 Midsize-Ship Ocean Cruise Line for 2020" by readers of Travel + Leisure. This award highlights Seabourn's commitment to providing exceptional travel experiences through personalized service and carefully crafted itineraries. The cruise line, which operates five intimate ships accommodating 458 to 600 guests, emphasizes fine dining, premium beverages, and distinctive onboard programs. Seabourn also partners with UNESCO to promote sustainable tourism at World Heritage sites worldwide.

Carnival Cruise Line has announced changes to the delivery schedule for its new ship Mardi Gras and the Carnival Radiance due to COVID-19. Mardi Gras will begin service on Feb. 6, 2021, with some itineraries canceled from Nov. 14, 2020 to Jan. 30, 2021. The Carnival Radiance is undergoing delays in its $200 million refurbishment. Consequently, Carnival Breeze will take over some itineraries, leading to 18 canceled sailings from Fort Lauderdale. Carnival Magic's European voyages from Mar. 13 to May 3, 2021 are also canceled.

The World Travel & Tourism Council (WTTC) and Carnival Corporation will host the Global Science Summit on COVID-19 on July 23, 2020. This virtual event will run from 14:00 to 17:30 GMT (10 a.m. to 1:30 p.m. EDT) and aims to share the latest insights and best practices regarding COVID-19.

Global leaders, scientists, and health experts will participate, discussing various aspects of the pandemic, including epidemiology, transmission, and risk mitigation strategies.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced a conference call scheduled for July 10, 2020, at 10 a.m. EDT to discuss a business update. Investors can access the call through the company's websites at carnivalcorp.com and carnivalplc.com. This call aims to provide insights into the company's financial position and operations amidst ongoing challenges.

Carnival Corporation & plc has announced pricing for its first-priority senior secured term loan facility, totaling $1,860 million in the U.S. dollar tranche and €800 million in the euro tranche, with a five-year maturity. The loans will be issued at 96% of their face value and bear an interest rate of 7.500% plus LIBOR or EURIBOR. The company plans to use the proceeds for general corporate purposes, including repaying near-term debt. The loan facility is expected to close on June 30, 2020.

Seabourn has announced the appointment of Josh Leibowitz as president, effective immediately. Reporting to Stein Kruse, CEO of Holland America Group and Carnival UK, Leibowitz will oversee operations including revenue management and marketing. Kruse expressed excitement about Leibowitz’s leadership to strengthen Seabourn's market position amid industry challenges. Leibowitz, previously chief strategy officer at Carnival Corporation, aims to develop plans to resume operations and enhance guest experiences. Seabourn operates five ultra-luxury ships, renowned for exceptional service and exclusive travel experiences.

Seabourn has unveiled its fall 2021 and winter/spring 2022 itineraries, offering 56 unique sailings across fascinating destinations including Australia, New Zealand, and Africa. The season features nearly 100 departures ranging from seven to 36 days in length. Key highlights include the return to Egypt aboard Seabourn Ovation and new voyages in the Panama Canal. Seabourn offers 10% savings for early bookings completed by September 30, 2020. The ultra-luxury cruise line is recognized for exceptional service and unique experiences at sea.

Carnival Cruise Line has officially extended its operational pause in North America until September 30, 2020, due to ongoing public health challenges related to COVID-19. Initially announced on March 13, this marks the third extension of the pause. Carnival is also repatriating nearly 29,000 crew members. Guests can choose between a Future Cruise Credit with additional Onboard Credit or a full refund, with the deadline for selections set for May 31, 2021. President Christine Duffy expressed appreciation for guest patience and highlighted safety measures for future operations.

Carnival Corporation has appointed Josh Weinstein as its new chief operations officer, effective immediately. Weinstein will oversee major operational functions such as global maritime and IT, while continuing to manage Carnival UK. These leadership changes aim to enhance operational effectiveness as the company prepares to resume cruise activities. Weinstein, who has a decade of experience with Carnival as treasurer and a legal background, emphasized the importance of strategic operations in navigating upcoming challenges as the cruise industry seeks recovery.