PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, February 7, 6:04 PM
| This Slide: #33 of 660 |
Slide #33. The Boeing Company — Preferred Stock Offering
Company:
The Boeing Company (NYSE:BA)
Date announced:
10/28/2024
Shares Offered:
100,000,000
Date of Pricing:
10/28/2024
Price Per Share:
$50.00
Preferred Stock Offering Details:
The Boeing Company [NYSE: BA] ("Boeing" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) 90,000,000 shares of common stock, par value $5.00 per share ("Common Stock") of the Company and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), of the Company (together, the "Offerings"). Boeing expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) 13,500,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any. Boeing intends to use the net proceeds from the Offerings for general corporate purposes, which may include, among other things, repayment of debt, additions to working capital, capital expenditures, and funding and investments in the Company's subsidiaries. -updated 10/28- The Boeing Company [NYSE: BA] ("Boeing" or the "Company") announced today the pricing of its previously announced separate underwritten public offerings of (i) 112,500,000 shares of common stock, par value $5.00 per share ("Common Stock"), of the Company at a public offering price of $143.00 per share (the "Common Stock Offering") and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock") at a public offering price of $50.00 per Depositary Share (the "Depositary Shares Offering" and, together, the "Offerings"). Boeing has granted the underwriters in each respective offering a 30-day option to purchase up to an additional (i) 16,875,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any, in each case at the public offering price less the applicable underwriting discount. The Common Stock Offering is expected to close on October 30, 2024 and the Depositary Shares Offering is expected to close on October 31, 2024, subject to customary closing conditions.
The Boeing Co. is an aerospace company. Co. operates in three segments: Commercial Airplanes (BCA), Defense, Space & Security (BDS), Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft to the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide.
Preferred: BA.PRA
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