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Boeing Raises $21 Billion in Capital to Repair Balance Sheet.

Authors :
Johnsson, Julie
Dey, Esha
Lipschultz, Bailey
Source :
Bloomberg.com; 10/29/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Boeing Co. raised $21.1 billion through a share sale to strengthen its balance sheet and prevent a potential credit rating downgrade. The company sold 112.5 million common shares and $5 billion of depositary shares. This capital infusion was crucial for Boeing to maintain its investment-grade rating and fund its jet production ramp-up after resolving ongoing challenges, including a labor strike and financial turmoil. The company's CEO is also considering streamlining its portfolio to address underlying issues. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180553259