“S&P and Moody’s downgrade JetBlue amid $3 billion debt raise, shares sink”
August 20, 2024
“…Shares of the New York-based company plummeted 19%. JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue.
It also plans to raise $400 million through a convertible notes offering, primarily to refinance existing debt…”
https://finance.yahoo.com/news/jetblue-raise-over-3-billion-124439056.html