Cruise Stocks Are Sinking–Again–After Royal Caribbean Reveals It’s Raising A $1 Billion Lifeline

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America's three largest cruise lines made up Tuesday's worst-performing S&P 500 stocks.

it's raising $1 billion in two separate offerings–one stock and one debt–with the option for underwriters to exercise an additional $75 million purchase in each.

Royal Caribbean stock plummeted 13% on Tuesday, falling the most out of any other stock in the S&P 500, which ended the day down .6%.

 

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