debt
confidence high
sentiment neutral
materiality 0.75
JetBlue prices $2B senior secured notes at 9.875% and $765M Term Loan B, upsized by $500M
JETBLUE AIRWAYS CORP
- $2,000M aggregate principal of 9.875% senior secured notes due 2031; offering increased from $1,500M.
- $765M senior secured Term Loan B due 2029 (reduced from initial size).
- Closing expected on or about August 27, 2024; secured by TrueBlue loyalty program collateral.
- Proceeds used for general corporate purposes; co-issuers include JetBlue Loyalty, LP.
- Notes issued via Rule 144A/Reg S; not registered under Securities Act.