JetBlue prices loyalty notes offering and term loan

JetBlue has prices its $2bn 9.875% senior secured notes due 2031 and $765 million senior secured Term Loan B due 2029, offered through its loyalty programme TrueBlue. JetBlue said on August 12, 2024, it intended to raise approximately $3.15bn through multiple notes offerings. The loyalty secured proposal consisted of a private offering of $1.5bn senior secured notes due 2031 and an additional $1.25bn senior secured term loan B due 2029. In the filing dated August 14, 2024, JetBlue said: “The notes offering was increased by $500 million from the previously announced offering size of $1.5bn in connection with a decrease