JetBlue Airways entered into an amended and restated credit and guaranty agreement, dated April 6, 2017, with Citibank as administrative agent.

According to a related 8-K filing, lending commitments were increased under the amended agreement by $25 million for a total of $425 million and the maturity date was set at April 6, 2021.

JetBlue has not made any drawings under the amended and restated facility.

Borrowings bear interest at a variable rate equal to LIBOR plus a margin of 2.00% per annum, or another rate based on certain market interest rates, plus a margin of 1.00% per annum, in each case with a floor of 0%.

JetBlue’s obligations under the facility are secured by liens on certain take-off and landing rights of JetBlue at John F. Kennedy International Airport, LaGuardia Airport and Ronald Reagan Washington National Airport, as well as certain eligible aircraft spare parts. JetBlue may also pledge cash and cash equivalents, aircraft, engines and flight simulators as collateral.