JetBlue in talks to sell high-yield bonds yielding 9.5%-10%, Bloomberg reports

JetBlue is in talks with banks to sell $1.5B of high-yield bonds that would yield roughly 9.5%-10%, Bloomberg’s Gowri Gurumurthy, Jill Shah, Olivia Raimonde, and Paula Seligson report, citing people with knowledge of the matter. The company is also weighing a $1.25B leveraged loan with a margin of 5-5.5 percentage points over the Secured Overnight Financing Rate, the authors note.