Debevoise Advises JetBlue in Its $750 million Convertible Senior Notes Offering

8 April 2021

Debevoise & Plimpton LLP advised JetBlue Airways Corporation (NASDAQ: JBLU) in its $750 million convertible senior notes offering, which includes full exercise by the initial purchasers of their option to purchase an additional $100 million principal amount of the notes. The notes will bear interest at a rate of 0.50% per year, payable semiannually in arrears on April 1 and October 1 of each year, beginning on October 1, 2021. For more information, please see the company’s press release.

Debevoise also recently advised JetBlue in its 2020-1 EETC Offering and 2019-1B EETC Offering.

The Debevoise team was jointly led by aviation finance partners Paul Brusiloff and Brian Liu and capital markets partner Morgan Hayes, and included partner James Scoville, finance counsel Kevin Grondahl and associates Jason Auman, Robert Gucwa and Matthew Walsh, and tax associate Jay Evans.