Boeing to repay four series of notes using note offering proceeds

By Taylor Fox

New York, Oct. 29 – Boeing Co. plans to repay near-term debt, including $750 million of 2.3% senior notes due 2021, $400 million of 8.75% senior notes due 2021, $300 million of 2.35% senior notes due 2021 and $1,371,500,000 of outstanding borrowing under its commercial paper program, according to a company announcement.

The repayments will be funded using proceeds from its offering of senior notes due 2024, 2026, 2028 and 2031.

Certain of the underwriters or their affiliates may have holdings in the 2.3% notes, the 8.75% notes and the 2.35% notes and may therefore receive a portion of the proceeds from this offering.

Any remaining proceeds will be used for general corporate purposes.

Boeing is a Chicago-based aerospace company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.