18th Nov 2020 21:21
(Alliance News) - Cruise line operator Carnival PLC said Wednesday its subsidiary Carnival Cruise Line has cancelled additional cruises for the first part of 2021.
These cancellations include all embarkations from US homeports from January 1 to 31, as well as embarkations on Carnival Legend out of Tampa through March 26.
Carnival said it is in the process of building a gradual, phased in approach to resume guest operations, which will focus first on Miami and Port Canaveral, to be followed by Galveston.
Earlier Wednesday, The FTSE 250 company said it will offer up to USD1.04 billion worth of shares to holders of its 5.75% convertible senior notes due 2023.
The cruise ship firm will offer 57.4 million shares at USD18.05 each. It will use the proceeds of the offering to repurchase USD499.4 million of the notes. Carnival noted that following the transactions, it will have USD627.5 million of convertible notes outstanding.
Shares in Carnival closed 0.8% lower at 1,200.00 pence on Wednesday in London. The stock ended down 2.6% at USD17.59 in New York.
By Dayo Laniyan; [email protected]
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