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.


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Comments (1)



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

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

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