secwatch.observer — SEC 8-K summary
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Issuer:     BOEING CO (BA)
CIK:        0000012927
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0000012927-24-000068
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12927/000001292724000068/0000012927-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12927/000001292724000068/ba-20241014.htm
  HTML page:      https://secwatch.observer/filing/0000012927-24-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer