JetBlue Shares Plunge After Offering More Than $3b in Debt (1)

(Updates with regular hours trading.)

JetBlue Airways Corporationshares fall as much as 14%, the most intraday since April 23, after the airline announced that it intends to offer more than $3 billion in debt.

• Offerings include a $400 million aggregate principal amount of convertible senior notes due 2029, according to a statement
• Also plans $1.5 billion senior secured notes due 2031 and to launch a proposed senior secured Term Loan B due 2029 in an aggregate principal amount of $1.25 billion
• NOTE: Aug. 8, JetBlue in Talks to Sell Junk Bonds Yielding Up to 10%
• Read More: JetBlue Said ...