Boeing Prices Offerings of Common, Depositary Shares Targeting Net Proceeds of More Than $20 Billion-February 2024-www.financetom.com

Boeing Prices Offerings of Common, Depositary Shares Targeting Net Proceeds of More Than $20 Billion

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Boeing Prices Offerings of Common, Depositary Shares Targeting Net Proceeds of More Than $20 Billion

Nov 3, 2024 1:28 PM

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.

Price: 150.39, Change: -0.30, Percent Change: -0.20

Previous page： International Labour Organisation seeks better working conditions for key workers Next page： China plans 7.2% defence spending rise this year, sets growth target of 5%

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

International Labour Organisation seeks better working conditions for key workers

Mar 18, 2023

The International Labour Organisation has released a report on world employment and social outlook for the year 2023. The findings from the report highlight a significant discrepancy between the value of work and the working conditions of key workers.

China plans 7.2% defence spending rise this year, sets growth target of 5%

Mar 4, 2023

China released it's national budget on Sunday, which was closely watched by its neighbours and in Washington as a barometer of how aggressively the country will beef up its military. The country targets inflation rate of around 3 percent for 2023 and deficit-to-GDP ratio is projected at 3 percent for 2023.

India is leading the charge on tackling climate challenge, says London deputy mayor

Mar 20, 2023

Speaking to CNBC-TV18, Agarwal highlighted fintech and renewable energy as two key areas of interest for London companies seeking to expand into India, citing India's leadership in tackling the climate challenge as well as its rapidly-growing tech ecosystem.

Technical issues at Lufthansa cause delays in Frankfurt

Mar 26, 2023

A spokeswoman of Lufthansa told DPA that check-in systems on the airline’s website and at the counter, as well as boarding, were affected at Germany’s biggest airport. Some flights were delayed or would have to be canceled because of the problems.