AI English summary of an SEC filing — figures as filed

The company said it entered into a $4.0 billion five-year revolving credit agreement on May 15, 2024 with Citibank, N.A. and JPMorgan Chase Bank, N.A. as joint lead arrangers.

8-KEntry into a Material Definitive AgreementFiled May 17, 2024Period of report May 15, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

The company said it entered into a $4.0 billion five-year revolving credit agreement on May 15, 2024 with Citibank, N.A. and JPMorgan Chase Bank, N.A. as joint lead arrangers.
The company said it pays a fee of 0.175% to 0.350% per annum on commitments, depending on its credit rating. Borrowings based on SOFR bear interest at Adjusted Term SOFR plus 1.200% to 1.650% per annum.
The company said the agreement is scheduled to terminate on May 15, 2029, subject to its right to extend the term on each anniversary of the closing by 1 year. It also said the agreement includes covenants limiting consolidated debt to no more than 60% of total capital.
The company said it terminated a $0.8 billion 364-day revolving credit agreement and a $3.2 billion 5-year revolving credit agreement effective May 15, 2024. It said a $3.0 billion 3-year agreement and a $3.0 billion 5-year agreement remain in effect.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Boeing enters $4.0 billion, 5-year revolving credit agreement

The company said it entered into a $4.0 billion five-year revolving credit agreement on May 15, 2024 with Citibank, N.A. and JPMorgan Chase Bank, N.A. as joint lead arrangers.

Source · Based on the filing body and exhibits

Commitment Fees and Borrowing Rate Structure

The company said it pays a fee of 0.175% to 0.350% per annum on commitments, depending on its credit rating. Borrowings based on SOFR bear interest at Adjusted Term SOFR plus 1.200% to 1.650% per annum.

Source · Based on the filing body and exhibits

Agreement Maturity and Financial Covenant Terms

The company said the agreement is scheduled to terminate on May 15, 2029, subject to its right to extend the term on each anniversary of the closing by 1 year. It also said the agreement includes covenants limiting consolidated debt to no more than 60% of total capital.

Source · Based on the filing body and exhibits

Terminates 2 Existing Credit Agreements

The company said it terminated a $0.8 billion 364-day revolving credit agreement and a $3.2 billion 5-year revolving credit agreement effective May 15, 2024. It said a $3.0 billion 3-year agreement and a $3.0 billion 5-year agreement remain in effect.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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