secwatch.observer — SEC 8-K summary
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Issuer:     BOEING CO (BA)
CIK:        0000012927
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0000012927-23-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/0000012927-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12927/000001292723000051/ba-20230824.htm
  HTML page:      https://secwatch.observer/filing/0000012927-23-000051

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