Boeing Taps Investment Banks to Help Secure Financing: WSJ
(Bloomberg) -- Boeing Co. hired investment banks Lazard and Evercore Inc. to help it analyze government aid and potential private funding, the Wall St. Journal reported, citing unidentified people familiar with the matter.
Analysts estimate Boeing may need to raise as much as $20 billion this year in addition to the federal aid that was earmarked for the aircraft maker and its suppliers in the federal stimulus package, the Journal said.
Boeing may seek most of its financing from private sources to avoid potential conditions to the federal assistance, such as giving the government an equity stake, something Chief Executive Officer David Calhoun has said he doesn’t want to do.
One possibility is for Boeing to ask the Treasury to buy a few billion dollars of its bonds and for the company to secure the rest of what it needs privately from sources including buyout firms, the Journal said.
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