Boeing Plans Over $15 Billion Capital Raise as Soon as Monday

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Boeing Plans Over $15 Billion Capital Raise as Soon as Monday

(Bloomberg) — Boeing Co. is planning to launch a capital hike as early as Monday, according to people familiar with the matter, in an offering that would help the beleaguered airplane maker boost its liquidity.

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The company is set to raise more than $15 billion from the fundraising, one of the people said, adding that the amount could still rise depending on demand. Boeing’s advisers have been lining up potential investors for the offering, according to people familiar with the matter, asking not to be identified as the information isn’t public.

The transaction is likely to include shares as well as debt that can be converted into equity, the people said.

The company on Wednesday received clearance from the US Securities and Exchange Commission to sell as much as $25 billion of equity and debt, a move that could help Boeing avoid having its credit rating downgraded to junk.

Deliberations are ongoing and details of the offering such as timing could still change, the people said. A Boeing representative declined to comment.

–With assistance from Bailey Lipschultz.

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