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Boeing reportedly plans to issue new shares to raise at least $10 billion to prevent further deterioration of cash flow

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On October 16th, it was reported that Boeing is preparing to raise at least $10 billion through the sale of new shares, hoping to prove that the company can overcome the current crisis amidst a significant depletion of cash. Boeing informed investors in two regulatory documents submitted on Tuesday that the company may issue up to $25 billion in stocks or debt over the next three years, and will also sign a new $10 billion credit agreement with lenders. According to informed sources, it is expected that Boeing will conduct a stock issuance transaction to raise approximately $10 billion. (Wall Street Journal)
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