JetBlue Airways Corporation announced it has entered into a Framework Agreement to secure $500 million in debt financing commitments. The financing will be backed by a portion of the company's existing aircraft fleet, providing additional capital.
Key Details
- Financing Amount: $500 million in debt financing commitments, with a committed accordion feature for up to $250 million in additional financing.
- Collateral & Security: The loans are secured by a first-priority interest in up to 22 of the company's currently owned A320 and A220 family aircraft.
- Key Terms: The agreement, dated April 14, 2026, outlines loans with maturity dates from 2033 to 2037 and an expected fixed interest rate between 6.00% and 6.75%.