PR Newswire
ARLINGTON, Va., Oct. 28, 2024 /PRNewswire/ -- The Boeing Company [NYSE: BA] ("Boeing" or the "Company") announced today the pricing of its previously announced separate underwritten public offerings of (i) 112,500,000 shares of common stock, par value $5.00 per share ("Common Stock"), of the Company at a public offering price of $143.00 per share (the "Common Stock Offering") and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock") at a public offering price of $50.00 per Depositary Share (the "Depositary Shares Offering" and, together, the "Offerings"). Boeing has granted the underwriters in each respective offering a 30-day option to purchase up to an additional (i) 16,875,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any, in each case at the public offering price less the applicable underwriting discount. The Common Stock Offering is expected to close on October 30, 2024 and the Depositary Shares Offering is expected to close on October 31, 2024, subject to customary closing conditions.
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