Boeing seeks $25bn to shore up finances amid delays to production
The Guardian|October 16, 2024
Boeing is seeking to raise up to $25bn (£19bn) in an attempt to shore up its finances as it struggles with production delays amid a strike by 33,000 workers and ongoing safety concerns.
Jack Simpson
Boeing seeks $25bn to shore up finances amid delays to production

A regulatory filing by the company yesterday said it intended to raise the money through a stock and debt offering, which would provide flexibility for Boeing to seek options to support its balance sheet over a threeyear period.

It also entered into a separate $10bn credit agreement with a consortium of banks, which it said would provide short-term access to liquidity as it navigated through a "challenging environment".

Production at the aircraft maker has been hobbled by the strike that began a month ago, which is estimated to have cost the company more than $1bn, according to Reuters.

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