From CNBC: 2024-10-15 07:54:36

Boeing is looking to raise $25 billion in shares or debt over three years amid a monthlong machinist strike. The credit facility of $10 billion will offer short-term liquidity. Boeing shares are down 43% this year, prompting warnings of a potential downgrade from credit ratings agencies. CEO plans to lay off 17,000 employees to cut costs. Preliminary financial results show mounting losses of $5 billion in charges in Boeing’s defense and commercial airplane units.



Read more at CNBC: Boeing to raise as much as $25 billion to shore up balance sheet