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Banking Syndicate Ponies up $13B in New Loan Commitments to Boeing, Report

February 05, 2020, 08:45 AM
Filed Under: Aircraft
Related: Boeing

A syndicate of 18 banks has arranged $13 billion in new financing for Boeing, as it grapples with the fallout from the failure of its 737 Max program. That's according to a report published by Bloomberg News that cites documents showing strong interest in the deals from lenders. 

The lending syndicate includes heavyweights such as Citigroup and JPMorgan Chase & Co., which have the largest total exposure to Boeing at $1.905 billion each. Bank of America Corp. and Wells Fargo & Co. have each committed $1.75 billion in total.

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