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Cunard's new Sea of Glamour exhibition to feature guest stories from around the world in celebration of 185th anniversary
Prnewswire· 2025-05-22 13:00
Core Viewpoint - Cunard is celebrating its 185th anniversary with the "Sea of Glamour" exhibition, showcasing stories and photographs from guests around the world, highlighting the brand's rich history in luxury ocean travel [1][4][14]. Group 1: Exhibition Details - The "Sea of Glamour" exhibition will feature 185 curated images, including rare archive photos of Hollywood icons, musicians, and politicians, alongside guest-submitted photographs [2][9]. - The exhibition will be held at The Royal Liver Building in Liverpool from May 28, 2025, to June 17, 2025, before traveling aboard the Cunard fleet [8][10]. - An immersive audio storytelling experience and a sculptural installation called "Sails of History" will enhance visitor engagement [10]. Group 2: Curatorial Insights - The exhibition is curated by renowned photographer Mary McCartney, who emphasizes the importance of personal stories shared by Cunard guests [11][12]. - McCartney's work aims to capture the essence of glamour not just through celebrity images but through the shared experiences of all passengers [12]. Group 3: Company Background - Cunard, a luxury British cruise line, has been a leading operator of passenger ships since 1840 and is known for its fine dining, entertainment, and exceptional service [14][15]. - The company currently operates four ships: Queen Mary 2, Queen Elizabeth, Queen Victoria, and the newly launched Queen Anne, marking a significant expansion in its fleet [15].
Carnival Corporation & plc Announces Closing of $1.0 Billion 5.875% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction
Prnewswire· 2025-05-21 20:05
Core Viewpoint - Carnival Corporation has successfully closed a private offering of $1.0 billion in senior unsecured notes, which will be used to redeem existing higher-interest debt, thereby reducing interest expenses and managing future debt maturities [1][2]. Group 1: Notes Offering Details - The offering consists of $1.0 billion aggregate principal amount of 5.875% senior unsecured notes due in 2031 [1]. - The proceeds will be utilized to redeem $993 million of 7.625% senior unsecured notes due in 2026, with the redemption scheduled for May 22, 2025 [1][2]. - The company anticipates a reduction in net interest expense exceeding $20 million through this transaction and a prior partial redemption of $350 million of the 2026 Unsecured Notes [2]. Group 2: Financial Structure and Guarantees - The new notes will pay interest semi-annually at a rate of 5.875%, starting December 15, 2025, and will mature on June 15, 2031 [3]. - The notes will be unsecured and guaranteed on a senior unsecured basis by Carnival plc and certain subsidiaries [3]. Group 3: Regulatory and Offering Conditions - The notes were offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S [4]. - The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption [5]. Group 4: Company Overview - Carnival Corporation & plc is recognized as the largest global cruise company and one of the largest leisure travel companies, operating a portfolio of well-known cruise lines [7].
Cunard Announces Royal Canadian Geographical Society Speaker Line-up for 2025 Alaska Season
Prnewswire· 2025-05-14 15:15
Core Viewpoint - Cunard continues its partnership with the Royal Canadian Geographical Society (RCGS) for the Alaska 2025 season, featuring a lineup of expert speakers on select voyages starting June 12, 2025 [1][2][3] Company Overview - Cunard is a luxury British cruise line with a history of 185 years, known for providing unforgettable experiences through fine dining, entertainment, and exceptional service [7] - The company currently operates four ships: Queen Mary 2, Queen Elizabeth, Queen Victoria, and the newly launched Queen Anne [8] Partnership Details - The collaboration with RCGS aims to enhance the educational experience for guests, featuring explorers, naturalists, and other experts who will share their knowledge and stories [3][4] - This partnership, which began in 2023, has been well-received by guests, and Cunard is excited to continue it for a third season in Alaska [3] Speaker Lineup - The 2025 speaker lineup includes notable figures such as: - George Kourounis, a worldwide explorer and storm chaser [4] - Laval St. Germain, an airline captain and Everest summiter [4] - Andrew Fuestel, a professional astronaut with three spaceflights [4] - Sunniva Sorby, a polar ambassador and explorer [4] - Additional speakers include TV personalities and adventurers, enhancing the diverse range of expertise available to guests [5] Educational Programming - Cunard's Insights enrichment program will allow guests to immerse themselves in the Alaskan experience while learning from the RCGS speakers [2][3] - The programming is designed to provide intellectual enrichment and create lasting memories for guests [3]
Carnival Corporation & plc Announces Pricing of $1.0 Billion 5.875% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction
Prnewswire· 2025-05-12 21:24
Core Viewpoint - Carnival Corporation & plc is executing a private offering of $1.0 billion in senior unsecured notes at a 5.875% interest rate, aimed at redeeming $993 million of its existing higher-interest unsecured notes due in 2026, thereby reducing interest expenses and managing future debt maturities [1][2]. Group 1: Notes Offering Details - The Notes Offering will close on May 21, 2025, with the redemption of the 2026 Unsecured Notes expected to occur on May 22, 2025, contingent upon the closing of the Notes Offering [3]. - The new notes will pay interest semi-annually starting December 15, 2025, and will mature on June 15, 2031 [4]. Group 2: Financial Impact - The transaction is projected to reduce net annual interest expenses by over $20 million until the maturity date of the 2026 Unsecured Notes, following a previous partial redemption of $350 million earlier in the year [2]. - The new notes will be governed by investment grade-style covenants, enhancing the financial stability of the company [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 [8].
Carnival Corporation & plc Announces the Redemption of Existing $993 Million 7.625% Senior Unsecured Notes due 2026 and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction
Prnewswire· 2025-05-12 12:45
Core Viewpoint - Carnival Corporation & plc has initiated a private offering of new senior unsecured notes totaling $1.0 billion, aimed at refinancing existing debt and reducing interest expenses while managing future debt maturities [1][2]. Group 1: Notes Offering Details - The new notes are expected to mature in 2031 and will replace the existing $993 million 7.625% senior unsecured notes due in 2026 [1]. - The company plans to use the net proceeds from the notes offering to fund the redemption of the 2026 Unsecured Notes, which is set to occur on or about May 22, 2025 [2]. - The indenture governing the new notes is anticipated to include investment grade-style covenants [1]. Group 2: Redemption Process - A conditional notice of redemption has been issued for the entire outstanding principal amount of the 2026 Unsecured Notes, with the redemption price set at 100% of the principal plus accrued interest [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 portfolio of well-known cruise lines [6].
Princess Cruises Unveils 2027 World Cruise Grand Circle Pacific Voyage
Prnewswire· 2025-04-30 14:10
Core Insights - The 129-day World Cruise Grand Circle Pacific Voyage by Princess Cruises is set to depart from Ft. Lauderdale on January 6, 2027, visiting 61 destinations across 20 countries and three continents, offering a unique exploration experience [1][3] Itinerary Highlights - The cruise includes access to 23 UNESCO World Heritage Sites and features nine late-night stays, with an overnight in Hong Kong and late nights in cities such as Anchorage, Cairns, Honolulu, Osaka, Singapore, Suva, Sydney, and Tokyo [4][8] - The journey covers a distance of 35,400 nautical miles, crossing the Equator and International Date Line twice [4] Cruise Options - Three departure options are available: a 129-day journey from Ft. Lauderdale to Los Angeles, a 114-day roundtrip from Los Angeles, and a 110-day cruise from Los Angeles to Vancouver, all starting in January 2027 [2] Onboard Experience - The Coral Princess accommodates 2,000 guests and offers gourmet dining, world-class entertainment, and various onboard activities, including enrichment speakers and local performers [6] - Early booking perks include complimentary Wi-Fi and onboard credits based on accommodation levels booked [7][11] Destinations - The cruise itinerary features diverse locations, including the historic Panama Canal, Hawaiian Islands, South Pacific nations, Australia, New Zealand, Southeast Asia, Japan, Alaska, and ends in Los Angeles [8]
Luxury cruise line Cunard launches their 'Adventure Awaits Sale' across more than 100 iconic voyages
Prnewswire· 2025-04-17 15:30
VALENCIA, Calif., April 17, 2025 /PRNewswire/ -- Luxury cruise line Cunard is offering incredible savings on voyages to some of the world's most captivating destinations. Queen Elizabeth will homeport out of Seattle for the first time this June The 'Adventure Awaits Sale' is available on more than 100 voyages in 2025 and 2026, including Alaska cruises from their new homeport of Seattle, and incredible Caribbean itineraries from Miami, on the recently transformed Queen Elizabeth. Offers can also be foun ...
G'DAY, CARNIVAL ADVENTURE AND CARNIVAL ENCOUNTER! TWO SHIPS OFFICIALLY JOIN CARNIVAL FLEET IN AUSTRALIA
Prnewswire· 2025-03-28 13:00
Carnival Cruise Line is Now the Leading Cruise Operator in Australia as Global Fleet Grows to Record 29 ShipsSYDNEY, March 28, 2025 /PRNewswire/ -- Marking an exciting new chapter for Carnival Cruise Line as Australia's leading cruise operator, Carnival Adventure and Carnival Encounter are preparing to embark on their maiden voyages, delivering more signature Carnival fun to guests departing from Sydney and Brisbane. With the addition of these two ships, Carnival Cruise Line now has the largest fleet of shi ...
Set Sail for Fun: Wyndham Rewards Now Offers Points and Special Discounts on Carnival Cruise Line Bookings
Prnewswire· 2025-03-26 12:00
Core Insights - Wyndham Travel Bundles allows travelers to customize their entire vacation experience, including flights, hotel stays, rental cars, excursions, and post-cruise getaways, all in one platform [1][6] - The partnership with Carnival Cruise Line enhances the travel experience by allowing members to earn Wyndham Rewards points on cruise bundle reservations, as well as on airfare and car rentals [2][3] Wyndham Travel Bundles - Members earn one Wyndham Rewards point per dollar spent on cruise bundle reservations, with additional points for airfare, car rentals, and hotel stays, including up to 10 points per dollar on qualifying hotel stays [3] - The platform was developed in collaboration with Snowstorm Technologies, and requires that cruise bundles include at least one night at a Wyndham hotel [6] Carnival Cruise Line - Carnival Cruise Line is recognized as the world's most popular cruise line, known for its extensive reach and variety of cruise options, including new exclusive destinations like Celebration Key [2][10] - The company operates a fleet of 27 ships and is set to expand with seven new ships by 2033, reflecting ongoing growth in the cruise industry [10] Wyndham Rewards Program - Wyndham Rewards is the largest hotel rewards program, with approximately 114 million members globally, offering generous point redemption options starting at 7,500 points for free nights [7] - Members can earn guaranteed points with every qualified stay, enhancing the overall value of the Wyndham Travel Bundles [7]
Carnival plc(CUK) - 2025 Q1 - Quarterly Report
2025-03-25 14:18
Revenue Growth - Passenger ticket revenues increased by $216 million, or 6.0%, to $3.8 billion in 2025 from $3.6 billion in 2024[99] - Onboard and other revenues increased by $189 million, or 11%, to $2.0 billion in 2025 from $1.8 billion in 2024[100] - The North America segment's passenger ticket revenues increased by $159 million, or 7.0%, to $2.4 billion in 2025 from $2.3 billion in 2024[101] - The Europe segment's passenger ticket revenues increased by $52 million, or 3.8%, to $1.4 billion in 2025[103] Operating Performance - Consolidated operating income increased by $267 million to $543 million in 2025 from $276 million in 2024[116] - Occupancy percentage increased to 103% in 2025 from 102% in 2024[95] - The company experienced a 2.5% capacity increase in Available Lower Berth Days (ALBDs) from 23.0 million in 2024 to 23.6 million in 2025[95] Financial Expenses - Interest expense decreased by $94 million, or 20%, to $377 million in 2025 from $471 million in 2024, primarily due to a decrease in total debt and lower average interest rates[117] - Debt extinguishment and modification costs increased by $218 million to $252 million in 2025 from $33 million in 2024[120] Cash Flow and Liquidity - As of February 28, 2025, the company had $3.8 billion of liquidity, including $0.8 billion in cash and cash equivalents and $2.9 billion in borrowings available under its multi-currency revolving credit facility[121] - The working capital deficit increased to $8.6 billion as of February 28, 2025, compared to $8.2 billion as of November 30, 2024, primarily due to an increase in customer deposits[122] - Net cash flows from operating activities decreased to $0.9 billion during the three months ended February 28, 2025, down from $1.8 billion for the same period in 2024[124] - Net cash used in investing activities was $605 million during the three months ended February 28, 2025, primarily due to capital expenditures of $607 million for ship improvements and port developments[125] - During the three months ended February 28, 2025, net cash used in financing activities was $690 million, compared to a net cash provided of $0.2 billion for the same period in 2024[127] Future Projections - The company anticipates a $46 million impact in 2024 due to the EU Emissions Trading System, affecting 40% of emissions under the operational scope[94] - Future export credit facilities at February 28, 2025, are projected to be $0.7 billion in 2025, increasing to $3.1 billion thereafter[129] Debt Composition - As of February 28, 2025, the company maintained a fixed rate debt composition of 61%, with 23% in EUR fixed rate and 7% in floating rate[131] - The company plans to use existing liquidity and future cash flows from operations to fund cash requirements, including capital expenditures not covered by export credit facilities[128] - The company is not a party to any off-balance sheet arrangements that could materially affect its consolidated financial statements[123]