** Shares of Boeing down 1.7% shares at $148.20 premarket after troubled planemaker secures mega capital raise as it grapples with crippling strike by its factory workers
** BA shares on course to fall for fifth consecutive session, which would be longest losing streak since 5-day descent in early Aug ** Aerospace giant priced 112.5 mln shares at $143 for ~$16.1 bln and $5 bln mandatory convertible preferred stock
** Offering price represents 5.1% discount to stock's Mon close
** Co had planned to sell 90 mln shares. It can raise ~$24 bln if full overallotment options are exercised on both offerings
** BA has current market cap of ~$93.2 bln, per LSEG data ** Earlier this month, co filed to raise up to $25 bln through stock and debt offerings, and entered a $10 bln credit agreement to help shore up its reserves
** Through Mon, stock off ~42% YTD, tracking biggest yearly loss since 2008
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
