Boeing Secures $10 Billion in Revolving Credit Facilities with Extended Maturities
Boeing has secured $10 billion in refreshed revolving credit facilities, extending maturities and adding a new liquidity covenant. The company entered into a new $3.0 billion, 364-day revolving credit agreement with a syndicate of lenders led by Citibank and JPMorgan on August 24, 2026.
The deal replaces Boeing's prior $3.0 billion facility that was set to expire the same day. In a parallel move, Boeing amended its two existing five-year credit agreements, extending their maturities by 365 days and adding a new financial covenant requiring the company to maintain liquidity of at least $5.0 billion.
The combined facilities provide Boeing with $10.0 billion in total revolving credit capacity. The pricing on the new 364-day facility is tied to Boeing's credit ratings, with facility fees ranging from 0.125% to 0.300% per annum and SOFR-based borrowings bearing interest at Term SOFR plus 1.250% to 1.700% per annum.
The refinancing extends Boeing's debt maturities and secures its committed liquidity into 2029-2030, which is critical given the company's substantial debt load and ongoing production challenges. The newly added minimum liquidity covenant of $5.0 billion underscores the lenders' focus on Boeing maintaining a strong cash buffer.