JetBlue sells $400 million of 2.50% convertible notes due 2029
JetBlue issued $400 million of 2.50% Convertible Senior Notes due 2029 on August 16, 2024, in a private placement under Rule 144A. The company used the proceeds to repurchase part of its existing 0.50% convertible notes due 2026 and to pay offering fees and expenses. The filing shows new debt that carries a conversion price about 27.5% above the August 12, 2024 share price, and it does not report any change in operating results.
Key points
- Notes: $400 million principal, 2.50% annual interest, paid semi-annually, maturing September 1, 2029
- Initial conversion price of approximately $6.12 per share, a 27.5% premium over the $4.80 close on August 12, 2024
- Proceeds used to repurchase part of the 0.50% convertible notes due 2026 and to pay offering fees and expenses
- Company may not redeem the notes before September 1, 2027
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 21, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.