08:23 AM EDT, 08/14/2024 (MT Newswires) -- JetBlue Airways ( JBLU ) said Wednesday that the company and its JetBlue Loyalty unit priced their $2 billion total principal amount of 9.875% senior secured notes due 2031 and $765 million senior secured term loan B due 2029.

The company increased the notes offering to $2 billion from its previously announced offering of $1.50 billion related to a decrease in the term loan size.

The offering is expected to close around Aug. 27, the company added.

JetBlue ( JBLU ) and the unit plan to use the net proceeds for general corporate purposes, the company said.

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