Boeing Co said on Monday it had entered into a US$5.28 billion, two-year revolving credit agreement, as the U.S. planemaker contends with a prolonged slowdown in commercial air travel fueled by the COVID-19 pandemic.
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File PhotoREUTERS: Boeing Co said on Monday it had entered into a US$5.28 billion, two-year revolving credit agreement, as the U.S. planemaker contends with a prolonged slowdown in commercial air travel fueled by the COVID-19 pandemic.
Earlier this month, Reuters reported that the company had approached a group of banks for a new US$4 billion revolving credit facility and had the option to raise the size of to as much as US$6 billion. Citigroup, JPMorgan Chase Bank, BofA Securities and Wells Fargo Securities are the joint lead arrangers and joint book managers, the planemaker said https://www.sec.gov/ix?doc=/Archives/edgar/data/12927/000119312521089532/d149318d8k.htm on Monday.
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