Transaction included redemption of $2.03 billion 10.375% Senior Priority Notes  MIAMI, Feb. 7, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") has closed its previously announced private offering (the "Notes Offering") of $2.0 billion aggregate principal amount of 6.125% senior unsecured notes due 2033 (the "Notes"). The Company used the net proceeds from the Notes Offering, together with cash on hand, to redeem the $2.03 b ...

Carnival (CCL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this cruise operator have returned +13.5% over the past month versus the Zacks S&P 500 composite's +1.9% change. The Zacks Leisure and Recreation Services industry, to which Carnival belongs, has gained 6.5% over this period. Now the key question is: Where could the stock be headed in the near term?Although media ...

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Don't want to spend a fortune and break the bank on investing in growth stocks? The ones listed here all cost less than $100. Even if you can't make a big lump sum investment, you can add steadily to your position over time, resulting in a much larger balance in the future.If you're looking for cheap growth stocks to buy, three you'll want to consider today are Novo Nordisk (NVO 3.76%), Carnival (CCL 0.37%), and Zoom Communications (ZM -0.22%). Here's why these stocks have a lot of upside.Novo NordiskShares ...

The Zacks Leisure and Recreation Services industry has been gaining from optimizing business processes, consistent partnerships and digital initiatives. Robust demand for concerts, strong bookings for cruise operators and higher per-capita spending at theme parks are supporting the industry. Firms like Royal Caribbean Cruises Ltd. (RCL) , Trip.com Group Limited (TCOM) , Carnival Corporation & plc (CCL) and Six Flags Entertainment Corporation (FUN) are likely to benefit from the trends mentioned above.Indust ...

Carnival (CCL -2.88%) (CUK -2.97%) finished 2024 in a solid financial position. It reported record revenue and returned to profitability, and the stock responded by climbing 75% over the last 12 months. Investors who bought the stock a year ago might be tempted to take profits, but there's tremendous demand for cruises that could drive more growth for Carnival. Investors who sell might leave gains on the table.Here's why Carnival shares can hit new highs in 2025.Demand is pushing cruise prices upCarnival re ...

Investors looking for stocks in the Leisure and Recreation Services sector might want to consider either Carnival (CCL) or Royal Caribbean (RCL) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisio ...

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].