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Boeing Closes In on $10 Billion Loan From Citi-Led Group

  • Total financing may rise if deal sees enough investor demand
  • Commitments from lenders are due by the end of the week
Boeing 737 MAX airplanes are seen parked on Boeing property in Seattle.

Boeing 737 MAX airplanes are seen parked on Boeing property in Seattle.

Photographer: David Ryder/Getty Images

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Boeing Co. is close to securing a $10 billion loan, bolstering the plane maker’s finances in the midst of a crisis that’s seen its 737 Max jetliners grounded after two crashes, according to people familiar with the matter.

The financing could still be increased if demand from investors exceeds the target size, the people said. Commitments are due by the end of this week, said the people, who asked not to be named because the details aren’t public. The loan will have a maturity of two years and will include a delayed-draw structure, in which the borrower can access the funds at a later date, they said.