JetBlue Announces $400 Million Convertible Senior Notes Offering

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Go back to JetBlue Announces $400 Million Convertible Senior Notes Offering

JetBlue shares drop on $400 million convertible notes offering announcement

August 12, 2024 7:52 AM EDT

JetBlue Airways Corporation (NASDAQ: JBLU) announced plans to raise $400 million through an offering of convertible senior notes due in 2029.

The companys shares fell nearly 6% in premarket trading following the announcement.

The airline may also allow initial buyers to purchase an additional $60 million in notes within 13 days of the original issuance, according to a Monday announcement.

JetBlue said it will use the proceeds to... More