Boeing enters $10B supplemental credit agreement with four major banks; 364-day maturity

BOEING CO

$10.0 billion supplemental credit agreement entered Oct 14, 2024 with BofA, Citibank, Goldman Sachs, JPMorgan as lead arrangers.
Commitments terminate after 120 days; outstanding advances mature 364 days from closing.
Interest rate: Base Rate plus 0.375%-1.00% or SOFR plus 1.375%-2.00% depending on credit rating.
Funding fee 0.50% of each advance; duration fee 0.50%-1.00% of outstanding/unused commitments payable 90-270 days after closing.
Covenant: consolidated debt not exceed 60% of total capital; liens limited to $250M.

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