tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Boeing mulls options for raising billions of dollars, Reuters reports

Boeing is mulling options to raise billions of dollars through a sale of stock and equity-like securities, Reuters’ Shankar Ramakrishnan, Allison Lampert, Echo Wang, and Mike Stone report, citing two sources familiar with the matter. The planemaker currently has roughly $60B in debt and posted operating cash flow losses of over $7B in 1H24, the authors say, noting that analysts estimate that the company would have to raise $10B-$15B in order to maintain its ratings.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1