03:58 AM EDT, 10/29/2024 (MT Newswires) -- Boeing ( BA ) said Tuesday it priced its public offerings of 112.5 million common shares at $143 each and $5 billion of depositary shares at $50 per share.

Each depositary share represents a 1/20th interest in a share of newly issued 6% series A mandatory convertible preferred stock.

The company gave the underwriters a 30-day option to purchase an additional 16.9 million common shares and $750 million in depositary shares to cover any over-allotments.

The stock offering will close on Wednesday, while the depositary shares offering will close on Thursday.

The company said net proceeds from the stock offering will be about $15.81 billion, and the net proceeds from the depositary shares offering will be around $4.91 billion, assuming no exercise of the underwriter option.

Boeing ( BA ) plans to use the funds for general corporate purposes.

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