Boeing Reportedly Plans to Raise $15 Billion in Capital
MT Newswires Live2024-10-28
Boeing (BA) plans to raise more than $15 billion in capital by selling stock and convertible preferred shares starting as early as Monday, media outlets reported starting Sunday, citing people familiar with the matter.
The total amount could still be increased depending on demand, reports said. Boeing's advisers have been in talks with potential investors for the offering, according to a Bloomberg News source.
Boeing did not immediately respond to MT Newswires' request for comment.
The jetmaker reported last week a Q3 adjusted loss of $10.44 per diluted share as it continues to burn cash while its 737 MAX production remains on hold with an ongoing strike.
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