Boeing launches $5bn stock offering for liquidity amid cash decline and strike.
Boeing has initiated a public offering of 90 million shares of common stock and $5 billion in depositary shares to enhance liquidity amid declining cash reserves and an ongoing strike. Led by major banks, the proceeds will be used for general corporate purposes, including debt repayment and investments. Boeing's CFO emphasized the importance of maintaining an investment-grade rating and financial stability.
October 28, 2024
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