New Issue: Boeing prices $1.2 billion of notes in three tranches

By Lisa Kerner

Charlotte, N.C., May 17 – Boeing Co. priced $1.2 billion of senior notes due 2023, 2026 and 2046 on Monday, according to an FWP filed with the Securities and Exchange Commission.

The company priced $400 million of 1.875% seven-year notes at 98.521 to yield 2.101%, or 55 basis points over Treasuries.

Boeing priced $400 million of 2.25% 10-year notes at 98.858 to yield 2.378%, or 62.5 bps over Treasuries.

The company also sold $400 million of 3.375% 30-year notes at 96.725 to yield 3.553%, or 95 bps over Treasuries.

Proceeds will be used for general corporate purposes.

The bookrunners for the seven-year notes are BofA Merrill Lynch, Barclays, Wells Fargo Securities LLC, Credit Agricole CIB, Santander Investment Securities Inc. and U.S. Bancorp Investments Inc.

For the 10-year tranche, the bookrunners are BofA Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and RBC Capital Markets, LLC.

The bookrunners for the 30-year bonds are BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., MUFG and SMBC Nikko Securities America, Inc.

Boeing is a Chicago-based aerospace company.

Issuer:	Boeing Co.
Issue:	Senior notes
Amount:	$1.2 billion
Trade date:	May 16
Settlement date:	May 18
Ratings:	S&P: A
	Fitch: A
Distribution:	SEC registered
Seven-year notes
Amount:	$400 million
Maturity:	June 15, 2023
Bookrunners:	BofA Merrill Lynch, Barclays, Wells Fargo Securities LLC, Credit Agricole CIB, Santander Investment Securities Inc., U.S. Bancorp Investments Inc.
Senior co-managers:	BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities, Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Lloyds Securities Inc., MUFG, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC; SG Americas Securities, LLC; SMBC Nikko Securities America, Inc.
Co-managers:	ANZ Securities, Inc.; BNY Mellon Capital Markets, LLC; Commerz Markets LLC, Standard Chartered Bank
Junior co-managers:	Blaylock Beal Van, LLC; CastleOak Securities LP; CAVU Securities, LLC; Great Pacific Securities; Guzman & Co,; Lebenthal & Co., LLC; Loop Capital Markets LLC; Seibert Branford Shank & Co., LLC; Williams Capital Group LP
Coupon:	1.875%
Price:	98.521
Yield:	2.101%
Spread:	Treasuries plus 55 bps
Make-whole call:	Treasuries plus 10 bps prior to April 15, 2023, then callable at par
10-year notes
Amount:	$400 million
Maturity:	June 15, 2026
Bookrunners:	BofA Merrill Lynch, Goldman Sachs, Morgan Stanley, BNP Paribas Securities, Deutsche Bank Securities, RBC Capital Markets
Senior co-managers:	Barclays, BBVA Securities, Citigroup, Credit Agricole Securities, JPMorgan, Lloyds Securities, MUFG, Mizuho Securities, Santander Investment Securities, SG Americas Securities, SMBC Nikko Securities America, U.S. Bancorp Investments, Wells Fargo Securities
Co-managers:	ANZ Securities, BNY Mellon Capital Markets, Commerz Markets, Standard Chartered Bank
Junior co-managers:	Apto Partners, LLC, Divine Capital Markets, Lebenthal & Co., LLC, Loop Capital Markets LLC, Samuel A. Ramirez & Co. Inc., Telsey Advisory Group, Williams Capital Group
Coupon:	2.25%
Price:	98.858
Yield:	2.378%
Spread:	Treasuries plus 62.5 bps
Make-whole call:	Treasuries plus 10 bps prior to March 15, 206, then callable at par
30-year notes
Amount:	$400 million
Maturity:	June 15, 2046
Bookrunners:	BofA Merrill Lynch, Citigroup, JPMorgan, Mizuho Securities, MUFG, SMBC Nikko Securities America
Senior co-managers:	Barclays, BBVA Securities, BNP Paribas Securities, Credit Agricole Securities, Deutsche Bank Securities, Goldman Sachs, Lloyds Securities, Morgan Stanley, RBC Capital Markets; Santander Investment Securities, SG Americas Securities, U.S. Bancorp Investments, Wells Fargo Securities
Co-managers:	ANZ Securities; BNY Mellon Capital Markets; Commerz Markets, Standard Chartered Bank
Junior co-managers:	Academy Securities, Inc., Drexel Hamilton, LLC, Lebenthal, Loop Capital Markets, Mischler Financial Group, Inc., Williams Capital Group
Coupon:	3.375%
Price:	96.725
Yield:	3.553%
Spread:	Treasuries plus 95 bps
Make-whole call:	Treasuries plus 15 bps prior to Dec. 15, 2045, then callable at par

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