secwatch.observer — SEC 8-K summary
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Issuer:     BOEING CO (BA)
CIK:        0000012927
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0000012927-24-000037
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 $4B five-year revolver; terminates $0.8B and $3.2B facilities
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- New $4.0B credit agreement with Citibank and JPMorgan, maturing May 2029, replacing 364-day ($0.8B) and 2019 five-year ($3.2B) facilities.
- Pricing: SOFR-based advances bear interest at Adjusted Term SOFR + 1.200%-1.650% per annum, based on Boeing's credit rating; commitment fee 0.175%-0.350%.
- Covenants include consolidated debt limit of 60% of total capital; standard events of default.
- Existing $3.0B three-year (Aug 2022) and $3.0B five-year (Aug 2023) revolvers remain in effect.
- Facility provides liquidity backstop for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12927/000001292724000037/0000012927-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12927/000001292724000037/ba-20240515.htm
  HTML page:      https://secwatch.observer/filing/0000012927-24-000037

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