Lufthansa Malta Blues LP successfully prices the issue of EUR 234 million notes exchangeable into JetBlue shares and guaranteed by Lufthansa
Toronto, ON, March 29, 2012 –Lufthansa Malta Blues LP has successfully priced the issue of EUR 234 million notes due 2017 exchangeable into shares of common stock of JetBlue Airways Corporation at the option of the noteholders and guaranteed by Deutsche Lufthansa
AG. The notes were offered and sold to qualified institutional buyers that are also qualified purchasers in an institutional private placement without registration pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The offering is expected to settle on or around April 5, 2012.
The terms for the 5-year exchangeable senior notes maturing 5 April 2017 have been set with a coupon of 0.75% per annum, payable annually and an initial exchange price of EUR 5.02 per share of JetBlue Airways Corporation common stock, representing an exchange premium of 37.5% based on the volume weighted average trading price between market open and pricing on March 29, 2012 converted at an exchange rate of USD:EUR 1.3263. The proceeds from the offering are to be used for general corporate purposes.
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