Boeing is preparing to launch a capital raise, aiming to secure over $15 billion to bolster its liquidity. This major fundraising push is anticipated to consist of equity shares and convertible debt, allowing Boeing to issue up to $25 billion in debt and equity. The move is crucial for Boeing to maintain its investment-grade credit rating amid escalating cash outflows. Boeing’s current liquidity constraints come amid operational challenges, a prolonged strike, workforce reduction plans, and declining share values.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Boeing is preparing to launch a capital raise aiming to secure
00:05over $15 billion to bolster its liquidity.
00:08This major fundraising push is anticipated to consist of equity shares and convertible debt,
00:13allowing Boeing to issue up to $25 billion in debt and equity.
00:17The move is crucial for Boeing to maintain its investment-grade
00:20credit rating amid escalating cash outflows.
00:23Boeing's current liquidity constraints come amid operational challenges, a prolonged strike,
00:27workforce reduction plans, and declining share values.
00:31For all things money, visit Benzinga.com slash GSTV.