Boeing is set to launch as early as Monday its plan to raise more than $15 billion in capital, a source briefed on the matter told Reuters.
Reuters first聽聽was closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as it sought to bolster听蹿颈苍补苍肠别蝉听.
The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could rise based on demand.
Boeing declined to comment on Sunday.
Bloomberg News reported the expected timing of Monday’s capital raise earlier.
Last week,聽聽Boeing’s latest offer seeking to end the strike that has halted 737 MAX production.
The company said earlier this month in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk.
The aerospace giant has been dealing with increased regulatory scrutiny, production curbs and a loss of confidence from customers since a聽聽in midair in early January.
Boeing has been burning聽聽announced a new $6 billion quarterly loss. Earlier this month, Boeing said it had secured a聽: Bank of America, Citibank, Goldman Sachs and JPMorgan.
叠辞别颈苍驳听聽it would cut 17,000 jobs – 10% of its global workforce – and delay first deliveries of its 777X jet by a year.
The top three credit rating agencies – S&P, Moody’s and Fitch – have said they will cut Boeing’s ratings to junk if it raised new debt without retiring some $11 billion of debt maturing through Feb. 1, 2026. – Reuters
