Carnival Plc - CUK STOCK NEWS

Carnival has announced the pricing of $1.0 billion 5.750% senior unsecured notes due 2030. The proceeds will be used to redeem existing $1.0 billion 10.500% senior unsecured notes due 2030. This refinancing strategy aims to reduce net annual interest expense by approximately $45 million.

The new notes will pay interest semi-annually on March 15 and September 15, beginning September 15, 2025. The offering is expected to close on February 28, 2025. The notes will be fully guaranteed by Carnival plc and certain subsidiaries that guarantee other secured and unsecured indebtedness.

The notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act.

Carnival (NYSE/LSE: CCL; NYSE: CUK) has announced a private offering of $1.0 billion in new senior unsecured notes, set to mature in 2030. This offering aims to refinance the company's existing 10.500% senior unsecured notes due 2030. The primary goal is to reduce interest expenses, and the new notes will feature investment grade-style covenants.

The company has issued a conditional notice to redeem the entire outstanding principal of the existing 2030 notes on February 28, 2025. The redemption price will be 100.0% of the principal amount plus a 'make-whole' premium and accrued interest. The redemption will be funded through the new notes offering proceeds and cash on hand.

The new notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act.

Seabourn has announced its Northern Europe cruise itineraries for summer 2025, featuring the Seabourn Sojourn sailing across The British Isles, Norwegian Fjords, and Iceland Coast from May to August. The vessel will visit over 40 destinations in 12 countries through nine itineraries ranging from 7 to 24 days, departing from Dover, Reykjavik, and Greenock.

The season culminates with the '24-Day Route of The Vikings' from Dover to Montreal. Key destinations include Fishguard (Wales), Oban (Scotland), and Saint Helier (Jersey), offering experiences from castle visits to wildlife viewing. The company is also promoting its 2026 Northern Europe voyages on Seabourn Ovation, including special events like the total solar eclipse viewing on August 12, 2026.

Through 'The Sail of the Year Event' (until February 18, 2025), guests can save up to 15% and receive up to $1,000 shipboard credit per suite on select voyages.

Princess Cruises is expanding its Alaska National Parks cruisetours for 2025 and 2026, offering new itineraries that visit three to five national parks. The expanded program combines the seven-day 'Voyage of the Glaciers' cruise with scenic rail travel and stays at four Princess-owned wilderness lodges.

The new offerings include the National Parks Expedition (15 days, 5 parks), National Parks Explorer (14 days, 4 parks), Katmai National Park tour (9 days, 2 parks), and National Parks Adventurer (14 days, 3 parks). During the Alaska season from April through September, Princess will operate seven ships in 2025 and eight ships in 2026, departing from Los Angeles, San Francisco, Seattle, Vancouver, and Anchorage.

The cruises feature the North to Alaska program, which includes local lumberjacks, Iditarod champions, storytellers, fresh Alaska seafood menus, and commentary by Glacier Bay Park Rangers and Naturalists.

Carnival has successfully closed a $2.0 billion senior unsecured notes offering with a 6.125% interest rate, maturing in 2033. The proceeds, combined with cash on hand, were used to redeem $2.03 billion of 10.375% senior priority notes due 2028. This refinancing strategy is expected to reduce net annual interest expense by over $80 million, representing a reduction in interest expense of over 4%.

The new notes will pay interest semi-annually starting August 15, 2025, and are fully guaranteed by Carnival plc and certain subsidiaries. The offering features investment grade-style covenants and was exclusively available to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act.

P&O Cruises has announced its strongest-ever January performance with record-breaking sales across all categories. The cruise line reported unprecedented bookings from new customers, with Norwegian fjords and Caribbean emerging as the most popular destinations. A notable trend showed increased bookings for premium accommodations, with record numbers of suites and balcony cabins reserved.

The company is offering -time promotions until March 3, 2025, including up to £500 onboard spending money per cabin, 10% deposits, 20% off classic drinks packages, and free sailing for extra guests on selected voyages. These offers apply to various departures through March 27, 2027, with specific terms and conditions for each promotion.

Holland America Line and The HISTORY Channel have announced a multi-year partnership to enhance cruise experiences with historically-focused itineraries and shore excursions. The collaboration aims to transform how guests experience destination history through custom itineraries and curated shore excursions.

The partnership includes several themed cruises such as the 14-Day Arctic Journey & Northern Lights, 7-Day Mediterranean Marvels of Pompeii, and 7-Day Norwegian Fjords. Additional themed departures focusing on ancient empires, Viking heritage, and Arctic exploration will be announced later.

The partnership will offer dozens of historically-focused shore excursions, including Gold Panning & Underground Mine Exploration, Giza Pyramids tours, and Stavanger Old & New experiences. These excursions are designed to provide deeper insights into each location's historical significance.

Holland America Line has announced five new Legendary Voyages for 2026-2027, offering extended cruises ranging from 27 to 45 days, sailing roundtrip from U.S. ports. The new itineraries include:

- A 28-Day Arctic Circle Solstice cruise aboard Noordam from Seattle
- A 45-Day Ultimate Mediterranean voyage on Volendam from New York
- Two 35-Day Hawaii, Tahiti and Marquesas voyages from San Diego
- A 27/28-Day Alaska to Hawaii cruise

The voyages feature extensive port calls, overnight stays, and unique experiences like crossing the Arctic Circle and exploring the Great Bear Rainforest. The Mediterranean cruise visits 21 ports in 12 countries, while the South Pacific voyages offer rare visits to Bora Bora and extended stays in French Polynesia. Bookings include the 'Have It All' premium package with additional perks like free crew appreciation and upgraded beverage and Wi-Fi packages.

Seabourn has announced its 2025 Alaska season, featuring Seabourn Quest's maiden voyage to the region. From May to September 2025, the ultra-luxury ship will operate 18 seven-day itineraries between Vancouver and Juneau, offering exclusive Ventures by Seabourn experiences.

The program includes expedition-style adventures like hiking, kayaking, and Zodiac cruises led by world-class experts. Key experiences include Hubbard Glacier kayaking, Rainbow Falls Trail hiking, and glacier exploration via Zodiac. The 458-guest vessel will access smaller ports and scenic routes, providing intimate destination connections.

The company is offering a new Seattle Connector Package and running a 'Sail of the Year Event' with up to 15% savings and $1,000 shipboard credit per suite on select voyages through February 18, 2025. The season will also mark cruise director Jan Stearman's final season before retirement.