Boeing looking for new $4 billion revolving credit facility – source By Reuters
(Reuters) - Boeing (NYSE:BA) Co has approached a group of banks for a new $4 billion revolving credit facility, according to a person familiar with the matter, as the planemaker battles a prolonged slowdown in commercial air travel due to the COVID-19 pandemic. Investment-grade rated companies use revolving credit facilities as backstop financing, with these facilities remaining undrawn for the most part....
Continue reading