Boeing Reportedly Seeking New $4 Billion Credit Facility
Badly bruised by a pandemic that's affected its key commercial aircraft business, Boeing (NYSE: BA) is apparently trying to secure a new $4 billion credit facility from a syndicate of banks led by Citigroup. This would not be the first instance in recent times that Boeing has tapped creditors for billions of dollars in financing. At the moment, Boeing is sitting atop roughly $9.5 billion in unused revolving debt.