JetBlue issues $400M 2.50% convertible notes due 2029, repurchases 2026 notes

JETBLUE AIRWAYS CORP

$400M aggregate principal of 2.50% Convertible Senior Notes due September 1, 2029 issued August 16, 2024.
Initial conversion price ~$6.12/share, a 27.5% premium over $4.80 closing price on August 12, 2024.
Net proceeds used to repurchase a portion of the existing 0.50% convertible notes due 2026 and pay fees.
Notes are senior unsecured obligations, redeemable by JetBlue after September 1, 2027.
Issued in private placement under Rule 144A; no registration under Securities Act.

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