Boeing Debt Explodes After Sale Of $25BN In 7x Oversubscribed, Junk-Like Bond Offering
April 30, 2020 at 15:14 PM EDT
One day after S&P downgraded Boeing to just one notch above junk, the Baa2/BBB- company added another $25 billion in debt to its balance sheet, effectively assuring that it will be downgraded to junk in the coming months.
