JetBlue (JBLU) To Offer 20M Shares and $150M In Conv Notes
More News related to JBLU
- JetBlue Gives a New Meaning to CyberMonday: Special Fares to Many Destinations
- JetBlue Airways Again Wins 'Best Rated Large Domestic Airline' in the Economy Category of Zagat's Airline Survey
- Live from New York, JetBlue Airways and the Barbados Tourism Authority Proudly Present an Exclusive Concert by Rihanna
- Airline Sector Takes a Hit as Major FAA Glitch Causes Widespread Flight Delays
- JetBlue Airways and The Hertz Corporation Announce the 'Jet & Drive Giveaway'
More News related to Equity Offerings
- Vanguard Natural Resources (VNR) Announces 2.25M Common Unit Shelf
- Vanguard Natural Resources (VNR) to Offer 2.25M Common Units
- SandRidge (SD) to Sell 2M Shares of Convertible Preferred Stock, 22M Shares of Common Stock
- Human Genome Sciences (HGSI) To Offer Up to 12.5M Shares
- JDA Software (JDAS) Announces Intent for $275 Million Senior Note Offering
JetBlue Airways Corporation (Nasdaq: JBLU) intends to make concurrent offerings, subject to market conditions, of 20,000,000 shares of common stock and $150 million aggregate principal amount of convertible debentures, which are to be divided into two series, each with an aggregate principal amount of $75 million and maturing in 2039.
In connection with the common stock offering, in order to maintain Deutsche Lufthansa AG's current ownership position in JetBlue, the underwriter would reserve up to 15.6% of the offered shares for sale to Lufthansa, and Lufthansa would have an option to purchase up to 15.6% of the over-allotment shares from JetBlue, depending on the extent to which the underwriter exercises its over-allotment option.
JetBlue intends to use the proceeds from the offerings for general corporate purposes.
Related Categories
Equity OfferingsStocks Mentioned
+0.12Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
