Jetblue announces proposed senior secured loyalty notes offering and senior secured loyalty term loan

New york, n.y., aug. 12, 2024 (globe newswire) -- jetblue airways corporation (nasdaq: jblu) (“jetblue”) today announced that jetblue and jetblue loyalty, lp (the “loyalty lp” and, together with jetblue, the “issuers”), a newly formed cayman islands exempted limited partnership and an indirect wholly-owned subsidiary of jetblue, intend to (1) commence a private offering of a proposed $1,500 million aggregate principal amount of senior secured notes due 2031 (the “loyalty notes”) and (2) launch a proposed senior secured term loan b due 2029 in an aggregate principal amount of $1,250 million (the “loyalty term loan”).
JBLU Ratings Summary
JBLU Quant Ranking