Boeing Receives More Than $12 Billion of Orders for New Loan

(Bloomberg) — Boeing Co. has received more than $12 billion of orders for a loan that will help bolster the planemaker’s finances as it grapples with a crisis that’s left its 737 Max grounded since March, according to people familiar with the matter.The deal may be finalized as soon as Monday, said one of the people who asked not to be named because the information is private. The size of the loan is still to be determined, another person said.The loan is expected to have a margin of 100 basis points over the London interbank offered rate and a ticking …read more

Source:: Yahoo Finance

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