Boeing to pursue another $4B of liquidity from banks

Boeing to pursue another $4B of liquidity from banks – Bloomberg

Mar. 04, 2021 4:52 PM ETThe Boeing Company (BA)By: Carl Surran, SA News Editor

  • Boeing (NYSE:BA) is seeking to arrange a new $4B revolving credit facility from a group of lenders led by Citigroup, as it prepares to ride out a potentially lengthy slowdown in global aircraft demand, Bloomberg reports.
  • The company would have the option to increase the size of the two-year facility to as much as $6B, according to the report.
  • Boeing has increased debt by $50B to ensure it has the liquidity to survive, and the additional debt will drive incremental $2.2B in annual interest payments for the foreseeable future, Scott Smith writes in a bearish analysis posted recently on Seeking Alpha.

ShareComment

Recommended for you

5 Dangerous Bubble Stocks: Don’t Be The Bag Holder

Dane BowlerDec. 30, 2020 1:03 PM ET

Moderna Delivers The Bad News

Shock ExchangeMar. 01, 2021 11:03 AM ET

The More It Drops, The More I Buy – Revisited

Jussi AskolaMar. 01, 2021 8:25 AM ET

3 Dividend Aristocrats You Can Safely Buy That Are Set To Fly

Dividend SenseiMar. 04, 2021 5:45 AM ET

There’s An EV Bubble

Jonathan WeberMar. 04, 2021 8:00 AM ET

Comments (1)

Newest

Publish

D DimondToday, 4:55 PMPremiumComments (170)Wonder what the limit to there debt isReplyLike

More Trending News

Published by technofiend1

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

<span>%d</span> bloggers like this: