Boeing to raise up to $25 bil. in debt or stock to shore up finances Troubled US aircraft giant Boeing says it is planning to raise up to 25-billion dollars through new debt or stock offerings over the next three years.

Boeing reported the fundraising plan to the US Securities and Exchange Commission on Tuesday.

The company also said in the filing that it has entered a separate, 10-billion-dollar credit agreement with major US banks.

Boeing’s production and finances have been badly affected by an ongoing strike involving more than 30,000 union workers.

The walkout began on September 13, after talks over pay and conditions broke down.

Boeing’s credit rating is currently just one notch above junk status by S&P Global Ratings.

Analysts say the company is hoping to avoid a downgrade by mapping out a concrete plan to boost its capital.

Comments are closed.