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Earlier this month, Reuters reported that the company had approached a group of banks for a new $4 billion revolving credit facility and had the option to raise the size of to as much as $6 billion. (https://reut.rs/3rbbe5p)
Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM) Bank, BofA Securities and Wells Fargo (NYSE:WFC) Securities are the joint lead arrangers and joint book managers, the planemaker said https://www.sec.gov/ix?doc=/Archives/edgar/data/12927/000119312521089532/d149318d8k.htm on Monday.
The credit agreement is scheduled to end on March 19, 2023, Boeing said in a filing.
Investment-grade rated companies use revolving credit facilities as backstop financing, with these facilities remaining undrawn for the most part.
