Boeing has announced plans to raise up to $25bn in new capital and agreed a $10bn credit facility, as the US plane maker seeks to shore up its balance sheet in the face of a crippling strike by its largest labour union.
In a filing, Boeing told investors it intended to raise up to $25bn in debt or equity, adding that the move provided “flexibility for the company to seek a variety of capital options as needed . . . over a three-year period”.
It has also struck a separate $10bn “supplemental credit agreement” with a consortium of lenders.
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