By Dhirendra Tripathi
Both companies said they will raise debt that could later be converted into equity.
JetBlue will use convertible notes to raise $650 million due in 2026. The purchasers will have the option to subscribe up to $100 million notes additionally.
TripAdvisor will raise $300 million via convertible notes also due in 2026, with an option for subscribers to purchase an additional $45 million within 13 days.
Both the companies intend to use the proceeds for general corporate purposes, which may include repayment of indebtedness.
JetBlue, TripAdvisor Fall After Revealing Convertible Debt Sales
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