Boeing Raises $21 Billion in Capital to Repair Balance Sheet (4)

Boeing Co. raised $21.1 billion in an expanded share sale, one of the largest ever by a public company, shoring up its balance sheet as it seeks to stave off a potential credit rating downgrade to junk.

The US planemaker sold 112.5 million common shares for $143 each, according to a statement. The stock was priced at a discount of about 7.7% to the Friday closing price of $155.01 apiece. Boeing also sold $5 billion of depositary shares representing a stake in mandatory convertible preferred stock.

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