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Boeing taps debt market to raise $10 billion: sources

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Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #news - Boeing on Monday tapped debt markets to raise $10 billion, after the U.S. planemaker burned $3.93 billion in free cash during the first quarter following slowing production of its best-selling jet, sources familiar with the matter said.

Credit rating agencies on Monday both assigned ratings nearing junk to Boeing's new senior unsecured notes, with S&P assigning a BBB- rating and Moody's assigning a Baa3 rating. Boeing will use the bond proceeds to increase its liquidity ahead of maturities on its existing debt load, including $4.3 billion in 2025, S&P wrote on Monday.

 

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Boeing taps debt market to raise $10 billion: sourcesBoeing on Monday tapped debt markets to raise $10 billion, after the U.S. planemaker burned $3.93 billion in free cash during the first quarter following...
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