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Boeing Secures $3B in Credit Agreements

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
NEW YORK (AP) -- Boeing Co. opened two lines of credit with a total borrowing limit of $3 billion, the aircraft maker disclosed in a securities filing Wednesday.

On Nov. 16, Boeing entered into a $1 billion, 364-day agreement, which replaced a similar credit line opened last year.

The Chicago-based company also entered a $2 billion, five-year revolving credit agreement on the same date that likewise replaced a credit line opened last year.

Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. arranged and will manage both credit agreements. JPMorgan Chase Bank N.A. acted as syndication agent, and Citibank N.A. as administrative agent.

Boeing shares slipped 6 cents to $87.81 in midday trading.

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