Shearman & Sterling represented the underwriters in connection with The Boeing Company’s offering of $5.5 billion aggregate principal amount of senior notes. This was Boeing’s largest notes offering to date.
J.P. Morgan acted as lead book-running manager for a syndicate of 48 total banks in connection with the offering.
Boeing intends to use approximately $4 billion of the net proceeds from the offering to fund its previously announced joint venture with Embraer, and the remaining net proceeds for general corporate purposes.
Boeing (NYSE: BA) is the world’s largest aerospace company and the leading manufacturer of commercial jetliners and military aircraft combined. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Headquartered in Chicago, Boeing employs more than 153,000 people across the United States and in more than 65 countries.