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Boeing plans to raise $15 billion through shares, bonds amid strike woes

Business Standard LogoBusiness Standard8h ago

Boeing plans to raise $15 billion through shares, bonds amid strike woes - Business Standard

Quick Summary:

The company said on Tuesday in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk.

While Boeing burned less free cash than expected during the third quarter, the planemaker may have no choice but to act before the end of the strike to protect its investment grade rating, two of the sources said.

Boeing is also considering a structured finance transaction to raise up to $5 billion that could resemble the securitization of a portion of a subsidiary's revenue, according to a separate source familiar with its financing plans.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 07:59:15 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23096331

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Official Website: business-standard.com

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News Last Updated: 2 hours ago

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