JetBlue Closes Sustainability-linked Loan

The sustainability-linked loan

JetBlue and BNP Paribas SA, amended an existing $550 million senior secured revolving credit facility by closing a sustainability linked loan.

The credit facility’s sustainability updates

• includes a pricing mechanism related to JetBlue’s ESG (environmental, social, governance) score 
• JetBlue must align its strategic initiatives with its ESG performance goals and objectives

Why the change?

JetBlue is increasingly focused on ESG goals. The airline is shifting business to financial partners with stronger ESG policies and operating carbon neutral on all domestic flights by offsetting emissions from jet fuel.

The Wall Street Journal | JetBlue Closes Sustainability-Linked Loan With BNP Paribas