8-KOther EventsExhibits & Filings

BOEING CO 8-K Report, Corporate Update (Jan 23, 2013)

Filed January 23, 2013For Securities:BABA-PA

Summary

Boeing Capital Corporation (BCC), Boeing's aircraft financing and leasing unit, plans to suspend its SEC reporting obligations. This action is facilitated by Boeing entering into guaranties for BCC's outstanding debt securities, totaling approximately $1.8 billion in principal. These guarantees ensure the full and unconditional backing of BCC's publicly issued debt by the parent company, The Boeing Company. While BCC will no longer file its own reports, its financial activities will continue to be consolidated and reported as a segment within Boeing's overall SEC filings. Investors should note that this change primarily affects the reporting structure of BCC and does not alter Boeing's financial commitment to BCC's debt obligations, which remain fully guaranteed.

Key Highlights

  • 1Boeing Capital Corporation (BCC) is suspending its independent SEC reporting.
  • 2Boeing has issued full and unconditional guarantees for BCC's outstanding debt securities.
  • 3The total principal amount of BCC debt covered by these guarantees is approximately $1.8 billion.
  • 4These guarantees are in favor of Deutsche Bank Trust Company Americas on behalf of debt holders.
  • 5BCC's financial results will continue to be reported as part of Boeing's consolidated financial statements.
  • 6This move streamlines reporting while maintaining Boeing's financial support for BCC's debt.

Frequently Asked Questions

The primary reason is to streamline reporting processes. While BCC will no longer file its own reports, its financial activities and debt obligations remain fully guaranteed by the parent company, The Boeing Company, and will be included in Boeing's consolidated filings.

The guarantees cover approximately $1.8 billion in principal of BCC's outstanding publicly issued debt securities.

Yes, BCC's financial performance will continue to be reported as a segment within Boeing's consolidated financial reports filed with the SEC.

No, the change does not impact Boeing's financial liability. Boeing has entered into full and unconditional guarantees, meaning it remains fully responsible for all outstanding publicly issued debt securities of BCC.