JetBlue Airways (JBLU) Announces $400M Convertible Senior Notes Offering
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JetBlue Announces $400 Million Convertible Senior Notes Offering
August 12, 2024 8:45 AM EDTNEW YORK--(BUSINESS WIRE)-- JetBlue Airways Corporation (NASDAQ: JBLU) (JetBlue) today announced that it intends to offer (the offering) $400 million aggregate principal amount of convertible senior notes due 2029 (the notes). JetBlue also expects to grant the initial purchasers of the notes an option to purchase, within a 13-day period from, and including, the date of original issuance of the notes, up to an additional $60 million aggregate principal amount of the notes. JetBlue intends to use the net proceeds from the offering to repurchase a portion of their existing 0.50% senior convertible notes due 2026 in one or more... More
