Boeing Plans Over $15 Billion Capital Hike as Soon as Monday
- Planemaker seeking to prevent credit-rating downgrade to junk
- Company received US SEC clearance to raise up to $25 billion
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Boeing Co. is planning to launch a capital raise as early as Monday, according to people familiar with the matter, in an offering that would help the beleaguered airplane maker boost its liquidity.
The company is set to raise more than $15 billion from the fundraising, one of the people said, adding that the amount could still rise depending on demand. Boeing’s advisers have been lining up potential investors for the offering, according to people familiar with the matter, who asked not to be identified as the information isn’t public.