Cruises
Search documents
Royal Caribbean Group announces completion of $1.5 billion offering of senior unsecured notes
Prnewswire· 2025-10-01 20:22
Core Viewpoint - Royal Caribbean Cruises Ltd. has successfully completed a public offering of $1.5 billion in senior unsecured notes, demonstrating financial strength and flexibility to finance upcoming projects and manage existing debt [1][4]. Group 1: Offering Details - The company issued $1.5 billion of 5.375% senior unsecured notes due January 15, 2036 [1]. - The net proceeds from the offering will be used to finance the delivery of Celebrity Xcel and to redeem or refinance existing indebtedness, including amounts under revolving credit facilities [2]. Group 2: Financial Strategy - The offering is part of the company's strategy to re-enter the investment-grade market, showcasing the strength of its balance sheet [4]. - The transaction allows the company to optimize financing for the upcoming delivery of Celebrity Xcel and address upcoming debt maturities [4]. Group 3: Regulatory Compliance - The notes were sold under an automatic shelf registration statement filed with the Securities and Exchange Commission, which became effective upon filing [3].
Royal Caribbean Group Launches 'Port Partners' in Seward, Alaska with Inaugural Small Business Accelerator Program
Prnewswire· 2025-10-01 15:21
Accessibility StatementSkip Navigation The program is representative of the company's efforts to better support local community partners and is aimed at empowering entrepreneurs through educational curriculum, mentorship, and a $20,000 grant SEWARD, Alaska, Oct. 1, 2025 /PRNewswire/ -- Royal Caribbean Group (NYSE:Â RCL), a global vacation leader that is redefining the future of vacations, has launched an inaugural business accelerator program in the coastal community of Seward, Alaska, unveiling its first i ...
Viking Holdings Ltd Announces Pricing of Senior Unsecured Notes Offering by Viking Cruises Ltd
Businesswire· 2025-09-29 21:22
Core Points - Viking Holdings Ltd announced a private offering of $1.7 billion aggregate principal amount of 5.875% Senior Notes due 2033 [1] - The offering is expected to close on October 7, 2025, subject to customary closing conditions [1] - The net proceeds from the Notes will be used, along with cash on hand, to redeem all outstanding debt [1]
Cruise Stock Pivots Lower Despite Top-Line Beat
Schaeffers Investment Research· 2025-09-29 15:00
Group 1 - Carnival Corp (CCL) stock is down 3.3% to $29.47 despite reporting fiscal third-quarter earnings that exceeded estimates and raising its annual profit forecast [1] - CCL traded as high as $32.49 earlier in the day, but has since declined, with sector peers Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) also experiencing losses [1] - Year-to-date, CCL shares are up 19.3%, with a significant 60% increase over the last 12 months, and the 80-day moving average is aiding in managing today's pullback [2] Group 2 - Short-term options traders have recently favored puts, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.64, which is in the 94th percentile of the past 12 months [2] - Currently, the skew favors calls, with over 74,000 calls traded, which is nine times the average intraday volume and more than double the number of puts [3] - Most of the call activity is centered around the weekly 10/3 30-strike call, where new positions are being established [3]
CARNIVAL CORPORATION & PLC ACHIEVES ALL-TIME HIGH FINANCIAL RESULTS WITH NET INCOME OF $1.9 BILLION (ADJUSTED NET INCOME OF $2 BILLION)
Prnewswire· 2025-09-29 13:15
Core Insights - Carnival Corporation & plc reported record financial results for Q3 2025, achieving an all-time high net income of $1.9 billion and adjusted net income of $2.0 billion, marking a nearly 55% year-over-year increase [10][11][12] - The company raised its full-year 2025 adjusted net income guidance for the third consecutive quarter, driven by improved net yields and effective cost management [10][12] - Strong demand and onboard spending contributed to a 4.6% improvement in net yields on a constant currency basis [2][10] Financial Performance - Total revenues for Q3 2025 reached $8.2 billion, up over $250 million compared to the prior year, marking the tenth consecutive quarter of record revenues [10][11] - Adjusted EBITDA for the quarter was approximately $3.0 billion, with adjusted net income of $2.0 billion, surpassing previous records set in 2019 [11][12] - The company achieved a gross margin yield increase of 6.4% compared to 2024, with all-time high net yields outperforming June guidance by 1.1 points [11][12] Booking Trends - Booking trends have strengthened since May, with higher booking volumes than last year, significantly outpacing capacity growth [8] - Nearly half of 2026 is already booked at historical high prices in constant currency for both North America and Europe segments, indicating a strong base for future business [8][10] Capital Structure and Debt Management - The company has successfully refinanced over $11 billion of debt this year and prepaid an additional $1 billion, aiming to reach investment-grade leverage metrics [9][10] - During the quarter, Carnival reduced secured debt by nearly $2.5 billion and issued two senior unsecured notes totaling $4.2 billion [9][10] Operational Highlights - The new exclusive destination, Celebration Key, received positive reviews and is expected to attract more first-time cruisers [4][18] - The company continues to focus on increasing same-ship net yields and closing the price-to-value gap with land-based vacation alternatives [5][10] Future Outlook - For Q4 2025, the company expects net yields to increase approximately 6.4% year-over-year, with adjusted cruise costs excluding fuel per ALBD expected to rise approximately 5.5% [16] - The company aims to drive its net debt to adjusted EBITDA ratio to under 3x as part of its financial strength strategy [9][14]
Jim Cramer on Royal Caribbean: “It’s the Clear Best of Breed”
Yahoo Finance· 2025-09-25 17:05
Group 1 - Royal Caribbean Cruises Ltd. (NYSE:RCL) is highlighted as a relatively cheap stock within the S&P 500, with Jim Cramer identifying it as his favorite among cruise stocks [1] - The company operates global cruise vacations through its brands, including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises [1] - Cramer noted that recent earnings reports may have led to an overreaction in stock price due to high expectations, despite the company not meeting the elevated estimates [1] Group 2 - While Royal Caribbean is recognized for its investment potential, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [1]
CELEBRITY RIVER CRUISES TO OPEN REMAINING INVENTORY ON 2027 SAILINGS ON SEPTEMBER 25
Prnewswire· 2025-09-24 13:08
"We are thrilled to open the remaining inventory on 2027 Celebrity River Cruises sailings, following Priority Booking Access selling out earlier this month in just six minutes," said Laura Hodges Bethge, president of Celebrity Cruises. "The response to the innovative design and unmatched experience Celebrity Compass and Celebrity Seeker will deliver has been overwhelmingly positive. Guests are going to love sailing Europe's Rhine and Danube rivers The Celebrity Way on our fleet of elevated, cutting-edge shi ...
2 Stocks Down 57% and 77% to Buy Right Now and Hold for the Next Decade
Yahoo Finance· 2025-09-21 17:51
Core Insights - Major indexes have shown significant gains in 2025, with the S&P 500 up approximately 12% and the Nasdaq Composite up around 15% [1][2] - Despite record highs for top indexes, some companies have seen their share prices decline over 50% from peak levels [2] Company Overview: Carnival Corporation - Carnival is the largest cruise company globally, currently facing challenges due to high debt accumulated during the pandemic [4] - The stock is 57% off its all-time highs but has increased nearly 100% over the past year, indicating a strong business rebound and effective debt management [5] - The company is investing in fleet and destination enhancements, including the launch of Celebration Key and a new ship, Carnival Festivale, set to debut in 2027 [6] Financial Performance - In the fiscal second quarter of 2025, Carnival exceeded guidance for net yields, adjusted EBITDA, and adjusted net income, reporting record revenue and operating income [7] - Deposits reached an all-time high of $8.5 billion, with 93% of 2025 occupancy booked at high ticket prices [7] - Carnival's management achieved its SEA change strategy goals ahead of schedule and raised guidance across various metrics for the full year [8] Debt Management - Carnival ended the quarter with over $27 billion in debt, significantly above pre-pandemic levels, but has made progress in reducing this debt [9] - The company has refinanced $7 billion in debt this year and prepaid $350 million of $1.4 billion due next year [9] - Lower interest rates are expected to facilitate further debt repayment, enhancing the company's financial stability [10]
Princess Cruises Promotes Carmen Roig to Senior Vice President of Sales
Prnewswire· 2025-09-17 14:00
Core Insights - Princess Cruises has promoted Carmen Roig to Senior Vice President of Sales, enhancing her leadership role in driving consumer demand through trade relationships [1][2][3] Company Overview - Carmen Roig joined Princess Cruises in 2022 as Vice President of Sales and has successfully led various sales initiatives across North America, Europe, and South America [2][3] - Roig has introduced innovative programs for travel advisors, improved earning opportunities through new promotional platforms, and strengthened trade partnerships [2][3] Leadership Impact - Jim Berra, Chief Commercial Officer of Princess Cruises, highlighted Roig's exceptional team-building and sales strategy advancements, emphasizing her significant contributions to the company's growth [3] - Roig has over 40 years of experience in the cruise industry, having held key positions at Crystal Cruises, Azamara Club Cruises, and Costa Cruises, and began her career at Carnival Cruise Line in 1981 [3] Future Outlook - In her new role, Roig aims to further elevate Princess Cruises' market presence by delivering innovative tools and unforgettable cruise experiences for guests [4]