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Royal Caribbean jumps to lead gains among cruise stocks



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BUZZ-Royal Caribbean jumps to lead gains among cruise stocks</title></head><body>

** Cruise operator stocks rise between 2% and 9% in midday trading

** Royal Caribbean Cruises shares RCL.N jump as much as 9.9% to $153.55, on track for their best day since Nov. 2022; leads gains among peers

** Company says it entered exchange agreements with some holders of its 6.000% convertible senior notes, due 2025, for a combination of cash and shares of its common stock

** RCL notes to be exchanged are worth $731 mln; following exchange, company will have an outstanding amount of about $419 mln in aggregate

** Shares of Norwegian Cruise Line NCLH.N up 2.2% at $15.67, set to snap six-day losing streak

** U.S.-listed shares of Carnival Corp CCL.L, CCL.N rise 2.7% to $14.80; also on track to end six straight sessions of losses

** A day earlier, CCL dropped 2.7%, NCLH fell 3.8% while RCL closed up marginally higher, amid a broader market rout

** So far this year, RCL stock up about 18% while NCLH and CCL are down between 21% and 22%, including session's moves




Reporting by Savyata Mishra in Bengaluru

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