NEW YORK, NY -- (Marketwired) -- 10/20/15 -- JetBlue Airways Corporation (NASDAQ: JBLU) announced today that it will redeem all of its outstanding 5.50% convertible debentures due 2038 (Series B) (the "Notes") at a redemption price equal to 100% of the principal amount of the Notes, together with accrued and unpaid interest to, but excluding, the redemption date. Approximately $22,451,000 of the 5.50% Notes remain outstanding as of October 19, 2015. On and after the date of redemption, interest on the 5.50% Notes will cease to accrue.
We have prepared a notice of redemption and have requested the trustee and paying agent, Wilmington Trust Company, to send the notice of redemption to the registered holders of the Notes on or about October 20, 2015, with an expected redemption date on November 24, 2015. Notes are to be surrendered to the trustee in exchange for payment of the redemption price. Each holder of the Notes has a right to convert its Notes called for redemption. Further information regarding the mechanics and timing of the calls for redemption will be contained in the redemption notice. Questions relating to, the notice of redemption should be directed to Wilmington Trust Company (email: svilhauer@WilmingtonTrust.com).
This announcement is not an offer to purchase or solicitation of an offer to purchase or a solicitation of tenders or consents with respect to any Notes and nor shall there be any offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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