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Form 8-K · Current Report · Filed 2024-05-17

Boeing Enters into New Five-Year Revolving Credit Agreement

On May 15, 2024, The Boeing Company entered into a $4.0 billion, five-year revolving credit agreement with Citibank and JPMorgan Chase as joint lead arrangers.

Filer
Boeing Co. BA · NYSE
Filed
Accession
0000012927-24-000037
CIK
0000012927
Signal
Medium impactIndustrials

Details

The agreement, which replaces existing credit agreements, includes various fees and interest rate terms based on Boeing's credit rating and SOFR. The new agreement is set to terminate on May 15, 2029, with an option to extend for one additional year. This financial arrangement is a key update in Boeing's financial strategy, reflecting its approach to managing liquidity and credit facilities.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$182.96

Next session

+2.0%

Since filing

+18.1%

Latest close

$216.14

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BA reporting the same item, with the next session's move:

Exhibits (1)

About Boeing Co.

Boeing Co. is a global leader in aerospace and defense, renowned for its significant contributions to the aviation industry. The company designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Beyond commercial aircraft, Boeing provides products and services to the defense and space sectors, including military aircraft and advanced technology systems. This dual focus allows Boeing to operate at the intersection of commercial aviation and defense industries. As the manufacturer of some of the world’s most widely used aircraft, such as the 737, 777, and the Dreamliner series, Boeing plays a crucial role in international air travel and cargo transit. Its innovations impact various industries, including manufacturing, national defense, and space exploration. Headquartered in Chicago, Illinois, Boeing remains a pivotal player in advancing technological frontiers and supporting global infrastructure through its aerospace and defense capabilities.

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