02:26 PM EDT, 04/29/2024 (MT Newswires) -- (Updates with details throughout)

Boeing ( BA ) is looking to raise $10 billion in debt as it looks to enhance liquidity after burning $3.93 billion in free cash during Q1, according to media reports Monday.

Bloomberg reported that the company's debt offering was oversubscribed by almost eight times as the plane maker received about $77 billion in orders.

Boeing ( BA ) is reportedly tapping into debt markets ahead of maturities for more than $12 billion in combined debt in 2025 and 2026, Reuters reported.

S&P Global Ratings and Moody's assigned the BBB- and Baa3 ratings to the company's new senior unsecured notes, respectively.

Boeing ( BA ) did not immediately respond to a request for comment from MT Newswires.

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