Boeing Secures $10 Billion Credit Agreement, Files to Raise $25 Billion Amid Financial Pressures

Oct 15, 2024, 11:15 AM

Boeing has entered into a $10 billion supplemental credit agreement with major banks including Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase Bank. The agreement aims to bolster Boeing's liquidity as the company faces financial pressures from a prolonged strike and significant debt obligations. Additionally, Boeing has filed for a mixed shelf registration to raise up to $25 billion through securities and stock sales. This move is intended to stabilize its finances amid mounting costs and operational challenges. Boeing's stock rose 2.8% following the announcement of the credit agreement.