Boeing 8-K

Summary

Revolving credit facility renewal and extensions. On 8/24/2026, Boeing replaced its expiring $3.0B 364-day revolver with a new facility of the same size and extended the terms of two five-year revolvers by 365 days. The facilities include a new minimum-liquidity covenant.

Key Figures

• New $3.0B 364-day revolving facility, scheduled to terminate 8/23/2027; Boeing may request a further 364-day extension or, after paying additional fees, convert outstanding borrowings into term loans maturing one year after termination.
• Commitment fee: 0.125%-0.300% annually, depending on Boeing’s credit rating. SOFR borrowings bear Term SOFR + 1.250%-1.700%; other borrowings bear the highest of Citibank’s base rate, federal funds + 0.50%, or one-month Term SOFR + 1.00%, plus 0.250%-0.700%. Spreads depend on Boeing’s credit rating.
• The 2024 five-year revolver, with $4.0B of commitments, was extended 365 days and now terminates 5/15/2030. The 2023 five-year revolver, with $3.0B of commitments, was extended 365 days and now terminates 8/24/2029.
• All three facilities require at least $5.0B of liquidity; the 364-day facility also limits consolidated debt to 60% of total capital.

Investor Takeaways

• Boeing’s ability to maintain the $5.0B minimum-liquidity covenant and manage the facilities through their 2027-2030 maturities is the key ongoing point to monitor.