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What will be the outcome of Boeing's $35 billion financial strategy by June 30, 2025?
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Boeing•Bank of America•Citibank•Goldman Sachs•JPMorgan Chase Bank•Securities and Exchange Commission
Resolution / Starting Odds
Successful raise and debt management • 25%
Partial raise, debt management issues • 25%
No significant raise, severe debt issues • 25%
Other outcome • 25%
Boeing's official financial statements and SEC filings
Story
Boeing Lines Up $35 Billion via Credit, Mixed Shelf to Bolster Finances Amid $1B Monthly Strike Costs
Oct 15, 2024, 10:54 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, to boost its liquidity amid financial pressures. The aerospace company has also filed a mixed shelf registration with the Securities and Exchange Commission to raise up to $25 billion through securities and stock sales, in a precursor to a possible equity raise. These measures aim to shore up Boeing's increasingly precarious balance sheet in the face of a prolonged strike by its largest labor union, which is costing the company $1 billion per month, and looming debt maturities totaling $11.5 billion by February 2026. Following the announcements, Boeing's stock rose by 2.8% in premarket trading. In total, Boeing is lining up $35 billion in funds through stock and bond sales and loan agreements.
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Successfully refinanced • 25%
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