CUK Stock Recent News

Carnival (CCL 1.83%) (CUK 1.88%) is the largest cruise operator in the world, but this industry leader has had a rough few years. Its business has rebounded, but there are some leftover effects that are still weighing on its financial statements.

Transaction included redemption of $1.0 billion 10.500% Senior Unsecured Notes MIAMI , Feb. 28, 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 $1.0 billion aggregate principal amount of 5.750% senior unsecured notes due 2030 (the "Notes"). The Company used the net proceeds from the Notes Offering, together with cash on hand, to redeem the Company's $1.0 billion 10.500% senior unsecured notes due 2030 (the "2030 Unsecured Notes"), resulting in a reduction in interest expense of over 4.5%.

World's largest cruise company combines custom hull designs, propulsion hardware, and underwater inspection and cleaning drones to fine-tune hydrodynamic efficiency and reduce underwater drag MIAMI , Feb. 27, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, is advancing greater fuel efficiency for propulsion through innovative hull designs and new hardware and technology, along with underwater drone inspection and cleaning trials. This work is done through complementary strategies focused on maximizing hydrodynamic performance and enhancing ongoing hull maintenance, which reduces a ship's underwater drag.

Carnival Leaders Begin Countdown to New Exclusive Destination's  Opening with Behind-the-Scenes Visit GRAND BAHAMA , Feb. 19, 2025 /PRNewswire/ -- Carnival Cruise Line guests are just five months away from experiencing Celebration Key's five portals to paradise. To kick off the countdown to the official opening on July 19, Carnival Corporation & plc's Chief Executive Officer Josh Weinstein and Chief Maritime Officer Lars Ljoen joined Carnival Cruise Line President Christine Duffy for a behind the scenes look at this new exclusive destination on Grand Bahama as construction enters its final phases.

Proceeds from the offering of senior unsecured notes to be used to redeem $1.0 billion 10.500% senior unsecured notes due 2030  MIAMI , Feb. 18, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") priced its private offering (the "Notes Offering") of $1.0 billion aggregate principal amount of 5.750% senior unsecured notes due 2030 (the "Notes"). The Company expects to use the net proceeds from the Notes Offering, together with cash on hand, to redeem the Company's $1.0 billion 10.500% senior unsecured notes due 2030 (the "2030 Unsecured Notes").

MIAMI , Feb. 18, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") commenced a private offering (the "Notes Offering") of new senior unsecured notes in an aggregate principal amount of $1.0 billion, expected to mature in 2030 (the "Notes"), to refinance the Company's $1.0 billion 10.500% senior unsecured notes due 2030 (the "2030 Unsecured Notes"), expecting to reduce interest expense. In addition, the indenture that will govern the Notes is expected to have investment grade-style covenants.

Carnival (CCL -0.12%) (CUK 0.17%) has made a huge rebound in its business, and its stock is up more than 200% since bottoming out in 2020.

The Leading Cruise Line in the Great Land Offers Countless Memories to Five National Parks FT. LAUDERDALE, Fla.

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 billion 10.375% senior priority notes due 2028 (the "Senior Priority Notes") of Carnival Holdings (Bermuda) Limited, resulting in a reduction in interest expense of over 4%.

MIAMI and SOUTHAMPTON, England , Feb. 6, 2025 /PRNewswire/ -- P&O Cruises has reported its strongest ever January, with record-breaking sales volume across the board during the month. The cruise line also reported more newcomers have booked in January than ever before.