Boeing announced plans to raise nearly $19 billion through common shares and depositary shares to increase liquidity amid ongoing financial struggles, including a recent $6.1 billion net loss.
The company described its fundraising as "two prudent steps to support the company's access to liquidity," indicating it is facing a challenging environment.
Boeing's financial outlook remains troubled, with shares down nearly 40% since January and its bonds at risk of junk status, according to credit rating agencies.
The proceeds from the offering will be used for a range of purposes, including repayment of debt, capital expenditures, and investments in subsidiaries, according to Boeing's statement.
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