---
schema_version: "secwatch.filing_event.v1"
accession: "0000012927-23-000051"
form_type: "8-K"
ticker: "BA"
cik: "0000012927"
company_name: "BOEING CO"
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T03:55:11.863647+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Boeing enters $0.8B 364-day and $3.0B five-year credit agreements, replacing $5.8B facility

## Summary
- 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.

## SEC filing metadata
- accession: 0000012927-23-000051
- form_type: 8-K
- ticker: BA
- cik: 0000012927
- company_name: BOEING CO
- filed_at: 2023-08-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/0000012927-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/ba-20230824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000012927-23-000051
- JSON: https://secwatch.observer/filing/0000012927-23-000051.json
- Plain text: https://secwatch.observer/filing/0000012927-23-000051.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/0000012927-23-000051-index.htm
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/0000012927-23-000051-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/0000012927-23-000051-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/0000012927-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.