​Boeing Desperate For Liquidity, Files $25 Billion Shelf Registration – Tyler Durden

Boeing Desperate For Liquidity, Files $25 Billion Shelf Registration Just days after Boeing announced plans to cut 10% of its workforce due to intensifying financial pressure, such as dwindling cash reserves and mounting risk of a credit downgrade, as well as a drawn-out strike, the beleaguered planemaker filed a $25 billion shelf registration on Tuesday morning.  “This universal shelf registration provides flexibility for the company to seek a variety of capital options as needed to support the company’s balance sheet over a three-year period,” Boeing wrote in the filing.  Separately, Boeing entered into a $10 billion “supplemental credit agreement” with a consortium of lenders. It…  — Continue at ZeroHedge News : Read More