Speaking of QE, debt, tax, hidden tax, handouts, ...
Tax in one particular case had been and another tranche tee-ed up, handed to Boeing. As and when and if Boeing unable to payback, first extended, then topped up, until one day it rises again, or at least not fall for good, or bailed out w/ jubilee, for the greater good. In the meantime it gets to make more anti-travelers vaccines in the form of troubled planes.
bloomberg.com
Boeing Said to Seek Another $4 Billion of Liquidity From Banks
Paula Seligson
March 5, 2021, 4:02 AM GMT+8
Boeing Co. is seeking a new $4 billion revolving credit facility from a group of banks, according to people with knowledge of the matter, as it prepares to ride out a potentially lengthy slowdown in global aircraft demand.
The planemaker has the option to increase the size of the two-year facility to as much as $6 billion, the people said, asking not to be identified as the transaction is private. So-called “revolver” loans are typically left undrawn by investment-grade rated companies such as Boeing and are used as a back-up form of liquidity.
Representatives for Boeing and Citigroup Inc., which is leading the deal, declined to comment.
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