JetBlue Lenders Sign Cooperation Deal
Most JetBlue creditors agreed to block side deals during debt talks. The airline holds billions in debt and faces upcoming repayment hurdles.
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A majority of JETBLUE AIRWAYS CORP lenders holding 55% of its debt executed a cooperation agreement on Wednesday afternoon to prevent side deals. The pact blocks members from striking individual agreements and includes a carve-out premium provision for initial joiners. The group is working with PJT PARTNERS INC - A and Akin Gump Strauss Hauer & Feld as the carrier faces $8.4B in debt obligations.
