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Boeing launches $19bn share sale to bolster finances

Mon 28 October 2024 11:14 | A A A

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(Sharecast News) - Boeing said on Monday that it had launched a $19bn share sale as it looks to bolster its finances.

The company, which has recently been hit by a machinists' strike, said it was offering 90m in common stock and another $5bn of depositary shares.

Boeing plans to use the net proceeds "for general corporate purposes, which may include, among other things, repayment of debt, additions to working capital, capital expenditures, and funding and investments in the company's subsidiaries".

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