(RTTNews) - Boeing Company (BA), announced that it has entered into a $10 billion supplemental credit agreement with BofA Securities, Inc., Citibank, N.A., Goldman Sachs Lending Partners LLC, and JPMorgan Chase Bank, N.A.
Under the deal, Boeing will pay a funding fee of 0.50 percent of the principal amount of each advance made.
The company will also pay a duration fee between 0.50 percent and 1 percent of the amount of outstanding advances and unused commitments under the credit agreement, which shall be payable 90 to 270 days after the closing date.
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