Carnival Corporation (CUK) Company Overview

This Industry Outlook article features Royal Caribbean, Trip.com, Carnival, and Six Flags.

The Leisure & Recreation Services sector benefits from the popularity of concerts, high bookings for cruise companies, and increased spending at theme parks. Companies such as RCL, TCOM, CCL, and FUN are well-placed to take advantage of these industry trends.

Carnival Corporation & plc has announced the pricing of a private offering of $2.0 billion in senior unsecured notes with a 6.125% interest rate, due in 2033. The company plans to use the funds raised, along with existing cash, to pay off $2.03 billion in senior priority notes that are set to mature in 2028. This move is part of their financial strategy to manage their debt effectively.

On January 28, 2025, Carnival Corporation & plc announced a private offering of new senior unsecured notes worth $2.0 billion, which are set to mature in 2033. This move aims to refinance the existing $2.03 billion senior priority notes due in 2028, helping to lower interest costs and streamline the company's capital structure. The new notes are also expected to include covenants similar to those found in investment-grade agreements.

The acclaimed Sun Princess and the soon-to-launch Star Princess will feature a special popup restaurant called Love by Britto on February 13 and 14. Reservations are now open on Tock for this unique dining experience. This event will take place in Fort Lauderdale, Florida.

Broadway star Sutton Foster is set to perform on Cunard's latest ship, Queen Anne, before her engagement during Queen Elizabeth's 2025-2026 Miami homeporting. On January 21, 2025, Cunard marked a historic moment as Queen Anne arrived in Miami for her first visit, making it her second stop in North America since launching in May 2024.

MIAMI, Jan. 13, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced the completion of its repricing for about $700 million in term loans due in 2027 and around $1.75 billion in term loans due in 2028. These loans are part of the company's first-priority senior secured term loan facilities. This move is part of the company's efforts to lower its interest expenses.

Guests at Cunard's Festival event have the chance to win a Caribbean cruise on the Queen Elizabeth. VALENCIA, Calif., Jan. 13, 2025 /PRNewswire/ -- Cunard is excited to be a platinum sponsor for the 24th annual South Beach Wine & Food Festival, which will take place in Miami, Florida from February 20-23, 2025.

Kameron Marlowe, Drew Baldridge, and Tigirlily Gold are some of the artists who will be part of the new ACM Live from the Red Barrel Lounge series. This event will take place on Regal Princess Voyages, which will set sail from Galveston in early 2025. The announcement was made in Fort Lauderdale, Florida.