BOEING CO (BA): debt financing — Boeing enters $0.8B 364-day and $3.0B five-year credit agreements, replacing $5.8B facility

BOEING CO

New $0.8B 364-day revolver replaces prior $5.8B 364-day facility expiring Aug 24, 2023; new facility terminates Aug 22, 2024.
Also entered $3.0B five-year revolver terminating Aug 24, 2028; both with Citibank and JPMorgan as lead arrangers.
Borrowings bear SOFR + 1.250%–1.700% (364-day) or SOFR + 1.200%–1.650% (five-year) depending on credit rating.
Existing $3.0B three-year (Aug 2022) and $3.2B five-year (Oct 2019) revolvers remain in effect.
Covenants limit consolidated debt to 60% of total capital; customary events of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BOEING CO incurred revolving credit of $3.0 billion with Citibank, N.A. and JPMorgan Chase Bank, N.A. at Adjusted Term SOFR plus between 1.200% and 1.650% per annum maturing August 24, 2028.

Instrument: revolving credit
Principal: $3.0 billion
Counterparty: Citibank, N.A. and JPMorgan Chase Bank, N.A.
Rate: Adjusted Term SOFR plus between 1.200% and 1.650% per annum
Maturity: August 24, 2028
Event: incurrence

Exact text from the filing

On August 24, 2023, Boeing also entered into a $3.0 billion, five-year revolving credit agreement (the “Five-Year Credit Agreement” and, together with the 364-Day Credit Agreement, the "2023 Credit Agreements") with Citibank and JPMorgan as joint lead arrangers and joint book managers, Citibank as administrative agent, JPMorgan as syndication agent, and a syndicate of lenders as defined in such agreement.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BOEING CO incurred revolving credit of $0.8 billion with Citibank, N.A. and JPMorgan Chase Bank, N.A. at Adjusted Term SOFR plus between 1.250% and 1.700% per annum maturing August 22, 2024.

Instrument: revolving credit
Principal: $0.8 billion
Counterparty: Citibank, N.A. and JPMorgan Chase Bank, N.A.
Rate: Adjusted Term SOFR plus between 1.250% and 1.700% per annum
Maturity: August 22, 2024
Event: incurrence

Exact text from the filing

On August 24, 2023, The Boeing Company (“Boeing”) entered into a $0.8 billion, 364-day revolving credit agreement (the “364-Day Credit Agreement”) with Citibank, N.A. (“Citibank”) and JPMorgan Chase Bank, N.A. (“JPMorgan”) as joint lead arrangers and joint book managers, Citibank as administrative agent, JPMorgan as syndication agent, and a syndicate of lenders as defined in such agreement.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BOEING CO entered into 364-Day Credit Agreement with Citibank, N.A., JPMorgan Chase Bank, N.A., and a syndicate of lenders valued at $0.8 billion (effective 2023-08-24).

Action: entry
Agreement: credit facility
Counterparty: Citibank, N.A., JPMorgan Chase Bank, N.A., and a syndicate of lenders
Value: $0.8 billion
Effective: 2023-08-24

Exact text from the filing

On August 24, 2023, The Boeing Company ("Boeing") entered into a $0.8 billion, 364-day revolving credit agreement (the "364-Day Credit Agreement") with Citibank, N.A. ("Citibank") and JPMorgan Chase Bank, N.A. ("JPMorgan") as joint lead arrangers and joint book managers, Citibank as administrative agent, JPMorgan as syndication agent, and a syndicate of lenders as defined in such agreement.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BOEING CO entered into Five-Year Credit Agreement with Citibank, N.A., JPMorgan Chase Bank, N.A., and a syndicate of lenders valued at $3.0 billion (effective 2023-08-24).

Action: entry
Agreement: credit facility
Counterparty: Citibank, N.A., JPMorgan Chase Bank, N.A., and a syndicate of lenders
Value: $3.0 billion
Effective: 2023-08-24

Exact text from the filing

On August 24, 2023, Boeing also entered into a $3.0 billion, five-year revolving credit agreement (the "Five-Year Credit Agreement" and, together with the 364-Day Credit Agreement, the "2023 Credit Agreements") with Citibank and JPMorgan as joint lead arrangers and joint book managers, Citibank as administrative agent, JPMorgan as syndication agent, and a syndicate of lenders as defined in such agreement.

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

BOEING CO filing history →

Source: SEC EDGAR

accession 0000012927-23-000051

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.