8-KCurrent report
Material agreement
UnverifiedBoeing entered a new $3.0 billion, 364-day revolving credit agreement replacing an expiring facility, and extended its two five-year credit agreements totaling $4.0 billion and $3.0 billion.
2.03 New financial obligation
Filed Aug 28, 2026 · 16:43 ET
Summary
This summary has not passed every source check. Confirm figures against the original document.
- On August 24, 2026, Boeing entered a $3.0 billion, 364-day revolving credit agreement with Citibank and JPMorgan as joint lead arrangers, replacing a prior $3.0 billion facility scheduled to terminate on August 24, 2026.
- The 364-Day Credit Agreement is scheduled to terminate on August 23, 2027, with rights to convert borrowings into term loans and to request a 364-day extension.
- Boeing will pay a commitment fee of between 0.125% and 0.300% per annum, and SOFR-based borrowings bear interest at Term SOFR plus between 1.250% and 1.700%, depending on Boeing's credit rating.
- The agreement contains a covenant restricting consolidated debt above 60% of total capital and requires Boeing to maintain liquidity of at least $5.0 billion.
- The 2024 Five-Year Credit Agreement was amended to extend for 365 days, now terminating on May 15, 2030, and consists of $4.0 billion of total commitments.
- The 2023 Five-Year Credit Agreement was amended to extend for 365 days, now terminating on August 24, 2029, and consists of $3.0 billion of total commitments.
Key facts
- 364-Day Agreement termination
- August 23, 2027
From the filing for 364-Day Agreement termination
“The 364-Day Credit Agreement is scheduled to terminate on August 23, 2027”
- Commitment fee
- between 0.125% and 0.300% per annum
From the filing for Commitment fee
“Boeing will pay a fee of between 0.125% and 0.300% per annum on the commitments”
- SOFR spread
- plus between 1.250% and 1.700% per annum
From the filing for SOFR spread
“an annual rate equal to Term SOFR (as defined in the 364-Day Credit Agreement) plus between 1.250% and 1.700% per annum”
- Liquidity covenant
- at least $5.0 billion
From the filing for Liquidity covenant
“a covenant requiring Boeing to maintain liquidity (as defined in the 364-Day Credit Agreement) of at least $5.0 billion”
- Debt-to-capital covenant
- 60% of Boeing's total capital
From the filing for Debt-to-capital covenant
“restricting Boeing's ability to permit consolidated debt (as defined in the 364-Day Credit Agreement) in excess of 60% of Boeing's total capital”
- 2024 Five-Year commitments
- $4.0 billion
From the filing for 2024 Five-Year commitments
“The 2024 Five-Year Credit Agreement, as amended, consists of $4.0 billion of total commitments and is now scheduled to terminate on May 15, 2030”
- 2023 Five-Year commitments
- $3.0 billion
From the filing for 2023 Five-Year commitments
“The 2023 Five-Year Credit Agreement, as amended, consists of $3.0 billion of total commitments and is now scheduled to terminate on August 24, 2029”
Why it mattersBoeing refreshed its short-term liquidity backstop and extended two longer-term revolving facilities, adding a $5.0 billion minimum liquidity covenant across the agreements.
- Filed
- Aug 28, 2026
- Accepted
- 2026-08-28 20:43Z
- Period
- Aug 24, 2026
- Accession no.
- 0001628280-26-059427
- Size
- 3.1 MB
- Index
- Filing index