Boeing said it entered into a $10.0 billion supplemental credit agreement on October 14, 2024, with BofA Securities, Citibank, Goldman Sachs Lending Partners and JPMorgan Chase Bank as joint lead arrangers and joint book managers.

1. 01

   Boeing said it entered into a $10.0 billion supplemental credit agreement on October 14, 2024, with BofA Securities, Citibank, Goldman Sachs Lending Partners and JPMorgan Chase Bank as joint lead arrangers and joint book managers.

2. 02

   The company said the commitments will terminate 120 days after the credit agreement date and any outstanding advances will mature 364 days after that date. It also said it will pay a funding fee of 0.50% of the principal amount of each advance and a duration fee of 0.50% to 1.00%.

3. 03

   Boeing said the credit agreement sets interest on SOFR-based borrowings at Adjusted Term SOFR plus 1.375% to 2.00%, and on non-SOFR borrowings at the base rate plus 0.375% to 1.00%, with the spreads varying by its credit rating.

4. 04

   The company said the agreement restricts it from permitting consolidated debt above 60% of its total capital and from incurring liens above $250 million. It also said it must prepay advances or reduce commitments upon debt incurrence, equity issuance or asset disposals.

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