Around 55% of JetBlue Airways' (JBLU) creditors signed onto a cooperation agreement that would prevent the airline from striking any side deals with lenders who joined the accord, Bloomberg reported Wednesday, citing people familiar with the matter.
As so-called initial party members, creditors that joined can receive a carve-out premium position that could provide better recoveries than others, the report said, citing the people.
JetBlue didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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