Carnival PLC & Corp - Miami, Florida-based cruise operator - Prices previously announced private offering of EUR1.00 billion senior notes maturing in 2031 with 4.125% coupon. The company plans to use proceeds to fully repay borrowings under its 2027 loan facility as well as a portion of its 2028 facility. The offer is due to close on Monday. Read More
(Alliance News) - Stocks in London closed higher on Tuesday, amid a fragile ceasefire between Iran and Israel, although early blue-chip gains were pegged back as oil majors and gold miners fell back. Read More
(Alliance News) - Carnival PLC & Corp shares jumped on Tuesday as it reported its highest-ever second quarter operating results, and said it expects to continue to take its results higher over time. Read More
(Alliance News) - Stock prices in London opened higher on Friday, while UK government borrowing has jumped to the highest level for May outside the pandemic era. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - London's FTSE 100 is called up on Friday, as the UK prepares for further talks on a potential defence deal with the EU and senior US officials have little optimism for progress on a possible ceasefire in Ukraine. Read More
Carnival PLC & Corp - Miami, Florida-based cruise operator - Starts a private offering of new senior unsecured notes for amount of USD1.0 billion, expected to mature in 2031, to refinance the company's USD993 million 7.625% senior unsecured notes due 2026. As a result, Carnival expects to reduce interest expenses and manage its future debt maturities. Carnival will issue a conditional notice of redemption for the entire outstanding principal amount of the 2026 unsecured notes to be redeemed on or about May 22, at a redemption price equal to 100.0% of the principal amount of the 2026 unsecured notes to be redeemed. Carnival expects to fund the redemption using the net proceeds from the notes offering. Read More
Carnival PLC & Corp - Miami, Florida-based cruise operator - Issues notice of redemption for USD350.0 million outstanding principal amount of its USD1.4 billion 7.625% senior unsecured notes due 2026 to be redeemed on May 1, 2025 at a redemption price equal to 100.0% of the principal amount of the 2026 unsecured notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. This redemption is a continuation of the company’s strategy to deleverage and reduce interest expense. Read More
(Alliance News) - Carnival PLC & Corp on Friday reported stronger first quarter earnings backed by an uptick in net yields. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Carnival PLC - Florida-based cruise operator - Closes previously announced private offering of USD2.0 billion of 6.125% of senior unsecured notes due 2023. Says it utilised the net proceeds from the offering, coupled with on-hand cash, to redeem USD2.03 billion 10.375% senior priority notes due 2028 of Carnival Holdings (Bermuda) Ltd. Says this lead to an over 4% reduction in interest expense. Adds that the notes offering and redemption of senior priority notes reflects a continuation of its strategy "to reduce interest expense, simplify its capital structure and manage its future debt maturities." Anticipates the transaction will reduce annual net interest expense by over USD80 million and says the indenture governing the notes has investment grade-style covenants. Read More
Carnival PLC - Florida, US-based cruise ship operator - Closes its repricing of about USD700 million of term loans under its first-priority senior secured term loan facility maturing in 2025. Also closes repricing of about USD1.75 billion of term loans under its first-priority senior secured term loan facility maturing in 2028. Says the decision represents the continuation of its ongoing interest expense reduction process. Expects repricing to result in interest expense savings of around USD18 million annually. Adds that the repriced loans have a yearly interest rate equal to SOFR, with a 0.75% floor and a margin of 2.0%. Read More
(Alliance News) - Stock prices in London closed mixed on Friday, as cruise ship operator Carnival perked up amid a swing to a profit. Read More
(Alliance News) - Carnival PLC on Friday said it swung to a full-year profit as the firm benefitted from a "strong demand environment". Read More
Carnival PLC - Florida, US-based cruise ship operator - Cunard reports record-breaking bookings in 2024, following an exceptional year and the launch of ship the Queen Anne. From January to October 2024, Cunard records 73,000 additional reservations compared to the same period in 2023, up 23% year-on-year. Explains this is higher than any previous year. Both the UK and North American markets contributed significantly, with a 24% increase in bookings from the UK and 29% more from North America compared to 2023. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More