Boeing: plans to raise nearly $20 billion

(CercleFinance.com) - Boeing announces the pricing of its public offerings of 112.
5 million shares of common stock at $143 per share and depositary shares representing $5bn of 6% convertible preferred stock.

These offerings are expected to generate net proceeds of $15.81 billion for the common shares and $4.91bn for the depositary shares. These funds will be used for general corporate purposes, including debt repayment and investments.

The preferred shares will be convertible into ordinary shares on or before 15 October 2027, with an annual dividend of 6%.

Boeing has applied for listing of the depositary shares under the symbol 'BA-PRA' on the New York Stock Exchange.


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