Boeing to Set Loan At $13 Billion After Lenders Step Up
- Size grew from $10 billion target after more banks joined deal
- Loan gives Boeing flexibility until 737 Max returns to the air
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Boeing Co. set the size for its new loan at $13 billion after saying last week that it had received enough commitments for a $12 billion facility, according to people familiar with the matter.
The cash provides the U.S. planemaker with financial flexibility as the fallout of the 737 Max crisis takes a toll on the company’s finances and once-solid credit rating.