JetBlue Airways (NASDAQ:JBLU) shares dropped more than 15% today after it launched a US$2.75 billion bond-and-loan sale, leveraging its loyalty program to raise funds for general corporate purposes. The financing package consists of US$1.5 billion in seven-year bonds, which are callable in three years, and a US$1.25 billion five-year term loan.
NEW YORK--(BUSINESS WIRE)--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 principa...
NEW 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...
NEW YORK, N.Y., Aug. 12, 2024 (GLOBE NEWSWIRE) -- 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 ...
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 mil...
The stock market has been a tale of two worlds in the post-pandemic era. On one side, you have many stocks that languished and traded sideways for what feels like an eternity.
NEW YORK--(BUSINESS WIRE)--JetBlue Airways (Nasdaq:JBLU) today announced the appointment of Jamie Perry as president of the airline's JetBlue Travel Products subsidiary. Perry will lead the growth of the JetBlue Vacations brand and other non-air travel products including Paisly, JetBlue's homegrown travel website that gives travelers access to exclusive savings and points on cars, stays, activi...
JetBlue Airways said on Wednesday it agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp , which would be distributed by energy firm World Kinect , for use in flights from New York's airport.
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