https://www.reuters.com/business/aer...es-2024-04-29/
Boeing taps debt market to raise $10 billion, sources say
April 29 (Reuters) - Boeing (BA.N), opens new tab on Monday tapped debt markets to raise $10 billion, after the U.S. planemaker burned $3.93 billion in free cash during the first quarter as production of its best-selling jet declined, sources familiar with the matter said.
Boeing shares rose 3.4% after the successful sale. Ratings agencies last week slashed the outlook on Boeing's credit to just above "junk" status. On Monday, both assigned ratings nearing junk to Boeing's new senior unsecured notes, with S&P assigning a BBB- rating and Moody's a Baa3 rating.
Maybe all that burned buyback cash would come in handy now?