Boeing: launch of offers to raise funds

(CercleFinance.com) - Boeing announces the launch of simultaneous public offerings of :
- 90 million shares of common stock, par value $5 per share
- $5 billion of depositary shares representing Series A convertible preferred stock.


Subscribers will have a 30-day option to purchase additional shares.

The funds will be used for general purposes, 'including debt repayment and investments in subsidiaries', says the aircraft manufacturer.

Holders of depositary shares will benefit from proportional rights to the preferred shares, which will have a liquidation preference of $1,000 per share.



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