Boeing Secures $3 Billion Credit Line with Liquidity Floor
Boeing (NYSE: BA) has secured a $3 billion credit line and added a liquidity floor of at least $5 billion, according to a report filed with the SEC on August 24, 2026. This renewal replaces Boeing's previous $3 billion, 364-day revolving credit agreement that was set to expire on the same day.
The new facility is led by Citibank and JPMorgan Chase Bank, N.A. as joint lead arrangers and book managers, with Citibank serving as administrative agent and JPMorgan as syndication agent. The 364-day revolving credit agreement comes with a fee of between 0.125% and 0.300% per annum on commitments, depending on Boeing's credit rating.
The agreement also includes covenants that restrict Boeing's ability to permit consolidated debt in excess of 60% of its total capital and maintain liquidity of at least $5 billion. Events of default under the agreement include failure to pay principal or interest within five business days, incorrect representations or warranties, and bankruptcy events.
Boeing also amended two existing credit agreements with Citibank and JPMorgan, extending their terms for an additional 365 days and adding a covenant requiring liquidity maintenance of at least $5 billion. The amendments affect the 2024 Five-Year Credit Agreement and the 2023 Five-Year Credit Agreement.
Certain lenders have performed banking services for Boeing and its subsidiaries, receiving customary fees and expenses.