Boeing Reportedly Seeking New $4 Billion Credit Facility
Badly bruised by a pandemic that's affected its key commercial aircraft business, Boeing (NYSE: BA) is apparently trying to secure a new $4 billion credit facility from a syndicate of banks led by Citigroup. That's according a report from Bloomberg published on Thursday and citing "people with knowledge of the matter."
The article's sources said that the company could exercise an option to increase the facility to as much as $6 billion.
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Source Fool.com
