Reportedly, Boeing Co (BA) has entered into a $5.28 billion, two-year revolving credit agreement as the aerospace giant is facing severe crisis and slowdown further pushed by the pandemic. The credit agreement is scheduled to end on March 19, 2023.
“We have no current plans to draw on our credit revolvers, as we continue to be confident that we have sufficient liquidity and are not planning to increase our debt levels,” stated Chief Financial Officer Greg Smith.
JPMorgan Chase Bank, Citigroup, Wells Fargo Securities, and BofA Securities are the joint lead arrangers and joint book managers, the company informed. Revolving credit facilities are used by Investment-grade rated companies as backstop financing, with these facilities usually undrawn for the most part.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.
