JetBlue Airways Corp. is in discussions with lenders to sell $1.5 billion of high-yield bonds that would yield about 9.5% to 10%, according to people with knowledge of the matter.
Gowri Gurumurthy, Jill R. Shah, Olivia Raimonde, and Paula SeligsonA JetBlue Airbus A320 aircraft at Terminal B of LaGuardia Airport in the Queens borough of New York, US, on Sunday, April 7, 2024. JetBlue Airways Corp. is expected to release earnings figures on April 23. --
Demand has already been strong for the bond, with orders exceeding $1.5 billion during premarketing, the people said. The debt package could launch as soon as Aug. 12, though discussions are ongoing and details could change, they added. Representatives for JetBlue and Goldman Sachs declined to comment. A representative for Barclays did not respond to requests for comment.
But markets have been reopening, creating a more-positive tone for JetBlue. Multiple leveraged loans and high-yield bonds have launched since Tuesday, and investment-grade note issuance hit a 2024 high on Wednesday.
Business Consumer Goods Retail Consumer Discretionary Company News Industry Markets North America Top News Unites States World Top World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A perfect 10 pose for an (almost) perfect 10 wave goes viralThe Brazilian not only managed to take down the Japanese surfer, he did so in part thanks to a near-perfect 9.90-scoring wave on Day 3 of the surfing competition in Tahiti – taking part halfway around the world from Paris. It was the highest-scoring wave in Olympic history.
Read more »
China 10-Year Yield Hits Fresh Record Low, Testing PBOC Patience(Bloomberg) -- China’s benchmark government bond yield fell to a fresh record low as a bond rally extended, testing policymakers’ resolve to stem the...
Read more »
US yields tumble, 2/10 yield curve turns positive on recession fearsThe an inversion in the yield curve typically indicates that a recession is likely in the next one-to-two years, though this inversion has lasted longer than...
Read more »
JetBlue to buy sustainable jet fuel for use at New York airportUnder terms of the deal, World Fuel Services will provide the fuel supply to John F. Kennedy International Airport from the fourth quarter of 2024. Airlines...
Read more »
JetBlue's recovery plan is 'encouraging': AnalystJetBlue (JBLU) recently posted its second quarter earnings, reporting profits after the company cut costs in an attempt to reduce losses. After the...
Read more »
Why JetBlue's blocked merger was a 'blessing in disguise'JetBlue (JBLU) shares are skyrocketing following its earnings report, in which the company shared new goals to help it return to profitability. Scott Keyes, ...
Read more »