JetBlue in its $1 billion delayed draw term loan credit facility.
Debevoise & Plimpton LLP has advised JetBlue Airways Corporation (“JetBlue”) in a delayed draw term loan credit facility of up to $1 billion. The term loan is secured by 24 aircraft and 37 spare engines and proceeds will be used to pay certain transaction fees and expenses and for general corporate purposes. Morgan Stanley Senior Funding, Inc. is the administrative agent. The size of the facility makes it one of the largest financings in the aviation industry this year. Read More>