Boeing Co.
Boeing Enters into $10 Billion Supplemental Credit Agreement
Summary
On October 14, 2024, The Boeing Company entered into a $10.0 billion supplemental credit agreement with several financial institutions. The agreement includes a funding fee of 0.50% of the aggregate principal amount and a duration fee between 0.50% and 1.00% of the aggregate amount of outstanding advances and unused commitments. Interest rates are based on the secured overnight funding rate (SOFR) and other defined benchmarks, with additional spreads based on Boeing's credit rating. The agreement is set to terminate 120 days after the date of the agreement, with any outstanding advances maturing 364 days after the date of the agreement.
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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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