Aerospace giant Boeing has secured a US$2.376bn one-year revolving credit facility to replace the US$1.525bn one year revolver it entered into last November.
Under the terms of the agreement, Boeing will pay a base rate of interest of 100bp over Libor or…
Aerospace giant Boeing has secured a US$2.376bn one-year revolving credit facility to replace the US$1.525bn one year revolver it entered into last November.
Under the terms of the agreement, Boeing will pay a base rate of interest of 100bp over Libor or 50bp over the federal funds rate, dependent on which is higher, plus an applicable margin of up to 1%. Boeing will also pay a commitment fee of 0.10% per annum on the unused commitments.
Citigroup and JPMorgan are joint lead arrangers and book managers on the facility, with the former administrative agent and the latter syndication agent.
