Boeing Enters Material Definitive Agreement

TL;DR

Boeing just signed a big deal, new financial obligation incoming.

AI Summary

On August 25, 2025, The Boeing Company entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial statements and exhibits.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Boeing, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that require careful monitoring.

Key Players & Entities

• BOEING CO (company) — Registrant
• August 25, 2025 (date) — Date of Earliest Event Reported
• Delaware (jurisdiction) — State of incorporation
• 91-0425694 (identifier) — I.R.S. Employer Identification No.
• 929 Long Bridge Drive, Arlington, VA 22202 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $5.00 — ange on which registered Common Stock, $5.00 Par Value BA New York Stock Exchange D
• $1.00 — Mandatory Convertible Preferred Stock, $1.00 Par Value BA-PRA New York Stock Exchang
• $3.0 b — oeing Company ("Boeing") entered into a $3.0 billion, 364-day revolving credit agreeme
• $5.0 billion — s defined in the Agreement) of at least $5.0 billion. Events of default under the Agreement
• $4.0 billion — d as of May 15, 2024, which consists of $4.0 billion of total commitments and Boeing's five-
• $3.0 billion — s of August 24, 2023, which consists of $3.0 billion of total commitments, each remain in ef

Filing Documents

• ba-20250825.htm (8-K) — 33KB
• a202508aug258kex101.htm (EX-10.1) — 2647KB
• 0000012927-25-000064.txt ( ) — 3045KB
• ba-20250825.xsd (EX-101.SCH) — 2KB
• ba-20250825_def.xml (EX-101.DEF) — 7KB
• ba-20250825_lab.xml (EX-101.LAB) — 27KB
• ba-20250825_pre.xml (EX-101.PRE) — 18KB
• ba-20250825_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On August 25, 2025, The Boeing Company ("Boeing") entered into a $3.0 billion, 364-day revolving credit agreement (the "Agreement") with Citibank, N.A. ("Citibank") and JPMorgan Chase Bank, N.A. ("JPMorgan") as joint lead arrangers and joint book managers, Citibank as administrative agent, JPMorgan as syndication agent, and a syndicate of lenders as defined in the Agreement. This facility replaces Boeing's previous $3.0 billion, three-year revolving credit agreement, which was scheduled to terminate on August 25, 2025. Under the Agreement, Boeing will pay a fee of between 0.125% and 0.300% per annum on the commitments, depending on Boeing's credit rating. Borrowings under the Agreement that are based on SOFR will generally bear interest at an annual rate equal to Term SOFR (as defined in the Agreement) plus between 1.250% and 1.700% per annum, depending on Boeing's credit rating. All other borrowings under the Agreement will bear interest at an annual rate equal to the highest of (1) the rate announced publicly by Citibank, from time to time, as its "base" rate, (2) the federal funds rate plus 0.50% and (3) Term SOFR for a one-month tenor in effect on such day plus 1.00%, plus in each of (1), (2) and (3) between 0.250% and 0.700% per annum, depending on Boeing's credit rating. The Agreement is scheduled to terminate on August 24, 2026, subject to Boeing's right to, following payment of additional fees, convert outstanding borrowings into term loans with a maturity date that is the one-year anniversary of the termination date, as well as Boeing's right to request that the lenders extend the term for an additional 364 days. The Agreement contains customary terms and conditions, including covenants restricting Boeing's ability to permit consolidated debt (as defined in the Agreement) in excess of 60% of Boeing's total capital (as defined in the agreement), to incur liens, and to merge or consolidate with another

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 364-Day Credit Agreement, dated as of August 25, 2025, among The Boeing Company for itself and on behalf of its Subsidiaries, as a Borrower, the Lenders party hereto, Citibank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A. as Syndication Agent and Citibank, N.A. and JPMorgan Chase Bank N.A., as Joint Lead Arrangers and Joint Book Managers 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. THE BOEING COMPANY By: /s/ John C. Demers John C. Demers Vice President, Assistant General Counsel and Corporate Secretary Dated: August 28, 2025

View Full Filing

View this 8-K filing on SEC EDGAR