Boeing Company (NYSE:BA) shares are trading higher on Tuesday. The company inked a $10 billion supplemental credit agreement with several big banks.
Bank of America, Citibank, Goldman Sachs, and JPMorgan are on board as joint lead arrangers and bookrunners.
Boeing plans to pay a 0.5% funding fee on each advance under the credit agreement and a 0.50%-1.00% duration fee on outstanding advances after 90 to 270 days.
Non-SOFR loans will accrue interest at the higher of Citibank's base rate, federal funds rate ...