JetBlue Announces $400 Million Convertible Senior Notes Offering

Core Viewpoint - JetBlue Airways Corporation plans to offer $400 million in convertible senior notes due 2029, with an option for initial purchasers to buy an additional$60 million within 13 days of issuance, aiming to repurchase existing convertible notes due 2026 and cover related expenses [1] Group 1: Offering Details - The offering consists of $400 million aggregate principal amount of convertible senior notes due 2029 [1] - Initial purchasers may buy up to an additional$60 million within a 13-day period from the original issuance date [1] - Net proceeds will be used to repurchase existing 0.50% senior convertible notes due 2026 and to pay related fees and expenses [1] Group 2: Regulatory and Compliance Information - The notes will be offered only to "qualified institutional buyers" under Rule 144A, exempt from registration under the Securities Act [3] - The notes and any shares of common stock upon conversion will not be registered under the Securities Act or state laws, and cannot be offered or sold in the U.S. without registration or an exemption [3] Group 3: Company Overview - JetBlue is recognized as New York's Hometown Airline® and operates in key markets including Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan [7] - The airline serves over 100 destinations across the U.S., Latin America, the Caribbean, Canada, and Europe [7]