Boeing Passes on CARES Act Funding With $25B Bond | Aviation International News

Boeing Passes on CARES Act Funding With $25B Bond

A $25 billion bond offering has ensured enough liquidity to allow Boeing to reject public money.

By Gregory Polek • Senior Editor

May 1, 2020

Boeing has decided not to seek government financial assistance under the CARES Act “at this time” after completing a massive $25 billion bond offering to shore up its liquidity during the Covid-19 crisis, the company confirmed Thursday. Structured across seven tranches with multiple maturities ranging from three to 40 years, the new debt will allow Boeing to avoid exchanging government loans for equity in the company, a scenario CEO David Calhoun has said multiple times he did not favor. Boeing also said it will not immediately pursue further funding through capital markets.

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