JetBlue Creditors Organize Around $2 Billion in 2031 Bonds
A group of JetBlue bondholders and a first-lien loan holder group are working with PJT Partners and Akin Gump Strauss Hauer & Feld, according to people familiar with the matter.
FlyMarshall Newsroom1 min read
JetBlue creditors, including holders of bonds due in 2031 and a first-lien loan holder group, are working with PJT Partners and law firm Akin Gump Strauss Hauer & Feld, according to people familiar with the matter.
Key details
- The group includes holders of $2 billion in bonds due in 2031 and a $742 million first-lien loan.
- JetBlue shares and the referenced debt reached record lows during the week covered by the report.
- The report said JetBlue was approaching its third-quarter earnings report.
The creditor group includes holders of $2 billion in JetBlue bonds due in 2031.
Why it matters
The creditor group represents holders of two types of JetBlue debt, including a first-lien loan and bonds due in 2031. Its work with financial and legal advisers comes as the airline approaches its quarterly earnings report.
What happens next
JetBlue’s third-quarter earnings report was approaching. The material gives no further timeline for the creditor group’s work.
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