White & Case advises JetBlue Airways and JetBlue Loyalty, LP on US$2 billion Senior Secured Notes Offering and US$765 million senior secured term loan

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Global law firm White & Case LLP has advised JetBlue Airways Corporation and JetBlue Loyalty, LP on their issuance of US$2 billion aggregate principal amount of 9.875% senior secured notes due 2031 and the simultaneous closing of a US$765 million senior secured term loan. Both the notes and term loan are secured by the loyalty assets of JetBlue Airways Corporation.

The White & Case team was led by Capital Markets partners Daniel Nam (New York) and Victor Mendoza (Miami), and Asset Finance partner Todd Wolynski (New York). The team also included Project Development and Finance associates Joan Martinez, Jeffrey Godly and Ijeoma Oti (all in New York); Capital Markets associates Joanna Heinz and Heidi Ahmed (both in New York); Debt Finance partner Eliza McDougall (New York); Tax partner Steven Gee (New York) and associate Thor Fielland (Houston); Technology Transactions partner Linda Sim (Los Angeles), and associates Amy Bagdasarian (Silicon Valley) and Katarina Varriale (New York); International Trade partners Cristina Brayton-Lewis and David Lim, and associate Joanna Anyanwu (all in Washington, DC); Employment Compensation & Benefits counsel Heidi Schmid (New York); and Environment & Climate Change partner Seth Kerschner (New York). Law Clerks Dylan Abolafia, Anisha Sivathas and Leo Colle also assisted on the matter.

JetBlue is New York's Hometown Airline®. JetBlue's flights number more than 1,000 per day and it serves roughly 100 destinations across the US, the Caribbean, Latin America, Canada and Europe. JetBlue has focus cities in New York, Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan, and is a predominately point-to-point system carrier. All six focus cities are in regions with a diverse mix of traffic. Looking to the future, JetBlue plans to continue to grow in its high-value geographies, invest in industry leading products and provide award-winning service by its more than 24,000 dedicated employees.

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