Boeing to raise as much as $25 billion to fortify balance sheet
Boeing stated Tuesday that it might raise as much as $25 billion in shares or financial obligation over 3 years, a relocate to increase liquidity as the struggling maker deals with a more than monthlong machinist strike and issues throughout its airplane programs."This universal rack registration offers versatility for the business to look for a range of capital choices as required to support the business's balance sheet over a 3 year duration," Boeing stated in a declaration.Boeing shares are down almost 42% this year since Tuesday.Bank of America aerospace experts have actually approximated that Boeing will raise in between $10 billion and $15 billion in equity."We anticipate Boeing to provide equity initially, which ought to support the business's balance sheet in the near term while ke...