JetBlue Announces $400M Convertible Senior Notes Offering To Repurchase Existing 0.50% Senior Convertible Notes
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways Corporation (NASDAQ:JBLU) announced a $400 million convertible senior notes offering due 2029, with an option for an additional $60 million. The proceeds will be used to repurchase existing 0.50% senior convertible notes due 2026 and for general corporate purposes.
August 12, 2024 | 11:11 am
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JetBlue's $400 million convertible senior notes offering aims to repurchase existing 0.50% senior convertible notes due 2026. This move could improve the company's debt profile and provide flexibility for general corporate purposes.
The offering and repurchase of existing notes could improve JetBlue's debt profile by potentially lowering interest expenses and extending debt maturities. This financial maneuver provides the company with more flexibility for future operations.
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