Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Core Viewpoint - Carnival Corporation & plc has announced a private offering of $2.0 billion in senior unsecured notes at a 6.125% interest rate, intended to redeem $2.03 billion of higher-interest senior priority notes due in 2028, thereby reducing interest expenses and simplifying its capital structure [1][2]. Group 1: Notes Offering Details - The offering consists of $2.0 billion in senior unsecured notes due in 2033, with an interest rate of 6.125% [1][4]. - The expected closing date for the Notes Offering is February 7, 2025, which is also the date set for the redemption of the Senior Priority Notes, contingent upon the closing of the offering [3]. Group 2: Financial Impact - The transaction is projected to reduce the company's net annual interest expense by over $80 million [2]. - The new notes will feature investment grade-style covenants, enhancing the company's financial stability [2]. Group 3: Company Background - Carnival Corporation & plc is recognized as the largest global cruise company and one of the largest leisure travel companies, operating a diverse portfolio of cruise lines [8].

Core Viewpoint - Carnival Corporation & plc has initiated a private offering of $2.0 billion in new senior unsecured notes to refinance existing debt, aiming to reduce interest expenses and simplify its capital structure [1][2]. Group 1: Notes Offering Details - The new senior unsecured notes are expected to mature in 2033 and will be used to refinance the $2.03 billion 10.375% senior priority notes due in 2028 [1]. - The company anticipates that the indenture governing the new notes will include investment grade-style covenants [1]. - The redemption of the existing senior priority notes is set for approximately February 7, 2025, at a price of 100% of the principal amount plus applicable premiums and interest [2]. Group 2: Funding and Conditions - The company plans to fund the redemption of the senior priority notes using net proceeds from the notes offering and available cash [2]. - The redemption is contingent upon the successful closing of the notes offering [2]. Group 3: Company Overview - Carnival Corporation & plc is recognized as the largest global cruise company and one of the largest leisure travel companies, operating a diverse portfolio of cruise lines [6].

Company Overview - Carnival Corporation & plc operates a dual listed company structure, being the largest global cruise company with a portfolio of nine world-class cruise lines[24]. - Carnival Corporation & plc represents approximately 80% of the cruise industry capacity along with its principal competitors as of December 31, 2024[39]. Operational Plans and Capacity - The company plans to sunset the P&O Cruises (Australia) brand and integrate its operations into Carnival Cruise Line by March 2025[25]. - As of November 30, 2024, Carnival Corporation & plc has a total passenger capacity of 269,970, representing 33% of the North America and Australia segment[41]. - The global cruise industry is projected to grow, with Carnival's passenger capacity expected to reach 272,380 by 2025[37]. - In 2024, Carnival Corporation & plc carried 13,509 thousand passengers, an increase from 12,460 thousand in 2023[56]. - Carnival Corporation & plc has six cruise ships under contract for construction, with expected deliveries through 2033, including new ships for Carnival Cruise Line and Princess Cruises[43]. Financial Performance and Strategy - The company aims to strengthen its balance sheet and deliver long-term shareholder value by driving revenue and improving operational efficiency[34]. - In 2024, 34% of cruise revenues were generated from onboard and other revenue goods and services, including beverage packages, internet packages, and shore excursions[63]. - The company has increased marketing and advertising programs in 2024 to drive demand across its cruise lines, focusing on digital performance marketing and lead generation[69]. Sustainability and Environmental Initiatives - The company emphasizes sustainability, investing in technology upgrades and fleet improvements to reduce its environmental footprint[33]. - The company has established sustainability goals for 2030, aligning with the United Nations Sustainable Development Goals, and has achieved several goals ahead of schedule[162]. - The company is committed to reducing air emissions, adhering to the global 0.5% sulfur cap for marine fuel established by the IMO[129]. - The company has implemented a Safety Management System (SMS) to enhance safety and environmental protection policies across its fleet[119]. - The company has voluntarily reported its GHG footprint via the CDP each year since 2006, including independent third-party verification of its emissions[173]. - The company is investing in a first-of-its-kind lithium-ion battery storage system and assessing carbon capture and storage technologies[164]. - The company is committed to achieving net zero emissions by 2050, although it acknowledges significant supply and cost challenges for alternative low GHG fuels[164]. Regulatory Compliance and Taxation - Carnival Corporation's U.S. source income and income from ship-owning subsidiaries are generally exempt from U.S. federal income and branch profit taxes due to Section 883 of the Internal Revenue Code[93]. - The company expects to align into a single tax jurisdiction, allowing its North American brands to qualify for the international shipping income exclusion under OECD Model Rules, starting in fiscal 2026[105]. - Carnival Corporation's UK and Australian cruise operations benefit from the UK tonnage tax regime, which allows for corporation taxes to be calculated based on the net tonnage of qualifying ships[98]. - The Italian tonnage tax regime has been approved for Costa and AIDA through 2034, allowing them to pay corporation taxes based on shipping profits calculated by net tonnage[101]. Employee Relations and Workforce - The average number of employees onboard ships in 2024 was approximately 100,000, with an additional 12,000 full-time and 3,000 part-time/seasonal shoreside employees[78]. - 52% of shipboard employees and 22% of shoreside employees are represented by collective bargaining agreements, indicating strong employee and union relationships[79]. Cybersecurity and Data Privacy - Cybersecurity incidents and data privacy breaches pose risks to business operations and could lead to financial losses and reputational damage[193]. - The company has not experienced any material cybersecurity incidents in the last three fiscal years, and expenses related to cybersecurity incidents were not material[213]. - The Chief Information Security Officer (CISO) oversees cybersecurity risk reduction and regulatory compliance, bringing over 20 years of experience[214]. - The company has data privacy and security standards in compliance with GDPR, CCPA, and PCI DSS, employing encryption and access controls[210]. Challenges and Risks - The company faces significant challenges related to climate change, including evolving regulations and increased scrutiny from stakeholders, which may materially impact operations and financial results[187]. - Growing consumer awareness of climate change may lead to shifts in preferences, potentially reducing demand for cruise services[188]. - Adverse weather patterns and natural disasters, exacerbated by climate change, could disrupt itineraries and impact profitability[189]. - Increased scrutiny from stakeholders regarding sustainability practices could negatively affect demand for cruising and the company's reputation[192]. - Fluctuations in foreign currency exchange rates may adversely affect financial results, particularly as shipbuilding contracts are typically denominated in euros[200]. - Overcapacity in the cruise industry may negatively impact sales, pricing, and destination options[201]. - Substantial debt levels could adversely affect financial health and operational flexibility, with potential consequences for debt service obligations[205].

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

From the Award-Winning Sun Princess and Soon-to-Debut Star Princess, Love by Britto Debuts Ashore in Specially Curated Popup Restaurant on Feb. 13 & 14 Open for Reservations Now at TockFT. LAUDERDALE, Fla., Jan. 23, 2025 /PRNewswire/ -- In a city where securing the perfect Valentine's Day reservation is no small feat, Princess Cruises is elevating the holiday with Love by Britto – a first of its kind pop-up dining event that blends art, romance and culinary mastery into an unforgettable celebration of love. ...

We focus on GARP (Growth at reasonable Price) opportunities in industrial, consumer, and technology sectors. We are among the top 50 financial experts (Out of ~39,000 tracked) as measured by Tipranks based on the consistency of our stock recommendations and returns generated https://www.tipranks.com/experts/bloggers/gs-analytics. Please click the "Follow" button to receive our latest research. If you have any questions, feel free to reach out to us through the comments section of our articles or SA messagin ...

Core Viewpoint - Goldman Sachs analyst Lizzie Dove maintains a price forecast of $35 and a Buy rating for Carnival Corp (CCL), highlighting the potential of its private islands and exclusive destinations strategy [1]. Group 1: Growth Potential - CCL's strategy to develop private islands is expected to nearly double capacity from 6.5 million to around 11 million passengers by 2030 [1]. - Management emphasized considerable growth potential, projecting a daily capacity of approximately 95,000 guests by 2030, comparable to Disney's Magic Kingdom [2]. - CCL experienced a 13% growth in new-to-cruise customers and a 10% increase in brand repeaters in 2024, indicating strong long-term growth potential [3]. Group 2: Booking and Demand - The company reported solid bookings, with two-thirds of 2025's capacity already booked by December, and all brands are priced higher year-over-year [4]. - Demand is significantly outpacing supply growth, leading management to focus on optimizing sales from existing ships rather than relying on new vessel introductions [4]. Group 3: Financial Outlook - The slower projected newbuild pace is expected to create a favorable supply-demand environment and allow for further debt reduction [5]. - Management aims to improve CCL's balance sheet, targeting investment-grade metrics of approximately 3.5X by FY2026 [5]. - CCL shares are currently trading lower by 0.25% at $25.54 [5].

Carnival Corp CCL is charting a multi-year growth path and JPMorgan analyst Matthew R. Boss sees the cruise giant setting sail for stronger returns in 2025 and beyond.After an exclusive shipboard chat with Carnival's top brass, Boss highlights key catalysts that could drive the next leg of the stock's performance.Growth Beyond The HorizonCEO Josh Weinstein sees Carnival's diversified portfolio of eight brands as a key advantage over smaller peers, with Carnival and AIDA already surpassing 2019 performance m ...