(Bloomberg) — Boeing Co. plans to launch a capital increase as early as Monday, according to people familiar with the matter, in an offering that would help the beleaguered aircraft maker boost its liquidity.
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The company plans to raise more than $15 billion from the fundraising, one of the people said, adding that the amount could still rise depending on demand. Boeing's advisers have lined up potential investors for the offering, according to people familiar with the matter, who asked not to be identified because the information is not public.
The transaction is likely to include both equity and debt that can be converted into equity, the people said.
The company received approval from the U.S. Securities and Exchange Commission on Wednesday to sell as much as $25 billion in stock and debt, a move that could help Boeing avoid having its credit rating downgraded to junk.
Deliberations are ongoing and details of the offer, such as the timing, could still change, the people said. A Boeing representative declined to comment.
–With help from Bailey Lipschultz.
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