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Boeing Looks to Raise Up to $25 Billion as Cash Woes Swirl
BoeingBoeing(US:BA) Kiplinger.com·2024-10-16 00:23

Boeing (BA) filed to raise up to 25billionthroughacombinationofstockanddebtofferingsandenteredintoa25 billion through a combination of stock and debt offerings and entered into a 10 billion supplemental credit agreement with lenders. The move comes as the company attempts to shore up its balance sheet amidst ongoing strikes at its West Coast factories.While Boeing filed to raise up to 25billion,analystsestimatethatitneedstobringinatleast25 billion, analysts estimate that it needs to bring in at least 10 billion and $15 billion, according to Reuters. This would allow the company to maintain its credit ratings, which are ...