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Boeing Capital Raises $750M In Debt

Boeing Capital, a subsidiary of Boeing, has raised $750 million in a two-part debt offering.

    Boeing Capital, a subsidiary ofBoeing, has raised $750 million in a two-part debt offering, Reuters reports. The $500 million offering will mature on Aug. 15, 2016, while the $250 million tranche will mature on Aug. 15, 2018.

    Bank of America,Deutsche BankandJP Morganwere the combined bookrunners for the five-year tranche, while Bank of America, Credit Suisse and RBS managed the seven-year tranche. The proceeds will be used for common corporate purposes, which also include repaying of outstanding debt, adds The Wall Street Journal.

    Click here for the story fromReuters.

    Click here for additional coverage fromThe Wall Street Journal.

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