Boeing to pursue another $4B of liquidity from banks – Bloomberg
- 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.
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Jonathan WeberMar. 04, 2021 8:00 AM ET