debt
confidence high
sentiment neutral
materiality 0.65
JetBlue enters $500M aircraft-secured debt facility with SKY Leasing
JETBLUE AIRWAYS CORP
- $500M committed debt, secured by up to 22 A320/A220 aircraft owned by JetBlue.
- Loans bear fixed interest of 6.00% to 6.75% (US Treasuries plus margin).
- Maturity dates range from 2033 through 2037; no-call provision, prepayable at par thereafter.
- Loans are cross-defaulted and cross-collateralized among the aircraft.
- Committed accordion feature allows up to $250M in incremental aircraft-secured loans.