Jetblue announces pricing of $2,000 million senior secured notes offering and $765 million term loan

New york, n.y., aug. 14, 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, priced their (1) $2,000 million aggregate principal amount of 9.875% senior secured notes due 2031 (the “notes”) and (2) $765 million senior secured term loan b due 2029 (the “term loan” and, together with the notes, the “loyalty financings”). the notes offering was increased by $500 million from the previously announced offering size of $1,500 million in connection with a decrease to the size of the term loan.
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