Summary by Moomoo AI
The Boeing Company successfully closed a substantial offering of senior notes on May 1, 2024, raising $10 billion in aggregate principal. The offering included six tranches with varying interest rates and maturities, ranging from 2027 to 2064. The senior notes, which are unsecured and rank equally with Boeing's other unsecured and unsubordinated debt, were sold in a private placement to qualified institutional buyers and certain non-U.S. persons in offshore transactions. Interest on these notes is payable semiannually, with the first payment due on November 1, 2024. The offering was conducted under a Purchase Agreement with major financial institutions such as Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. Boeing has committed to a Registration Rights Agreement, which obligates the company to file a registration statement for an exchange offer within 365 days. The proceeds from the notes are intended for general corporate purposes.