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Boeing has announced plans to raise about $19bn, as it seeks to bolster its balance sheet, which has been strained by a strike by its largest labour union.
The company on Monday said that it would sell 90mn common shares, which total just under $14bn based on the stock’s Friday closing price of $155.01.
Boeing also plans to sell $5bn of other securities that would convert into preferred shares. It did not say how much it hoped to raise in total from the offering.
It said the money would be used for “for general corporate purposes”.
Boeing this month announced plans to raise up to $25bn in new capital and agreed a $10bn credit facility.
The company’s share price was down 1.3 per cent in pre-market trading on Monday in New York.
This is a developing story