Washington | Boeing has secured a $US1.5 billion ($2.1 billion) line of additional credit, a sign that the plane-maker is taking more caution with finances as sales of the 737 Max remain on hold.
The credit facility is being arranged by banks including Citibank, JPMorgan Chase, Merrill Lynch and Pierce, Fenner & Smith, according to a regulatory filing on Tuesday (AEST). It's scheduled to terminate on October 30, with an option for Boeing to extend it for an additional year. The credit line expands on Boeing's existing, unused line of $US5.1 billion in credit.
