Cash-strapped Boeing can’t afford a credit downgrade to junk as over 32,000 factory workers continue their crippling strike. The company is responding with a long-anticipated share sale, one of the largest ever by a public company, that could raise up to $19 billion for the troubled aerospace giant.
The offering will include 90 million common shares and roughly $5 billion worth of depositary shares, which yield dividend payments until they are converted into common stock by October 2027, according to a statement from the company Monday.
