Carnival Corporation (CUK) News & Sentiment

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The "Sail and Save" promotion is available until April 1, providing discounts of up to 50%. Additionally, the third and fourth guests can sail for free, and you can receive up to $500 in onboard credit. This offer is based in Fort Lauderdale, Florida.

Carnival Corporation & plc has completed its private offering of $1.0 billion in 5.750% senior unsecured notes due in 2030. The funds raised, along with existing cash, were used to redeem the company's $1.0 billion 10.500% senior unsecured notes due in 2030. This move will lower the company's interest expenses by more than 4.5%.

Carnival Corporation & plc announced that it has priced a private offering of $1.0 billion in 5.750% senior unsecured notes due in 2030. The company plans to use the funds raised, along with its available cash, to redeem its existing $1.0 billion 10.500% senior unsecured notes that are also due in 2030. This move is part of the company's financial strategy to manage its debt.

MIAMI, Feb. 18, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced the start of a private offering for new senior unsecured notes totaling $1.0 billion, which are set to mature in 2030. This move aims to refinance the existing $1.0 billion 10.500% senior unsecured notes due in 2030, with the goal of lowering interest costs. Furthermore, the agreement for the new notes is anticipated to include covenants similar to those found in investment-grade bonds.

The top cruise line in the Great Land provides endless experiences at five national parks. Located in Fort Lauderdale, Florida, it promises unforgettable adventures.

On February 7, 2025, Carnival Corporation announced the completion of its private offering of $2.0 billion in 6.125% senior unsecured notes due in 2033. The company used the funds, along with existing cash, to redeem $2.03 billion in 10.375% senior priority notes due in 2028. This move is expected to lower their interest expenses by more than 4%.

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.