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Entry into a Material Definitive

On November 4, 2015, The Boeing Company (Boeing) entered into a $2.465 billion, 364-day revolving credit agreement (the 364-Day Credit Agreement) with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint lead arrangers and joint book managers, JPMorgan Chase Bank, N.A. as syndication agent and Citibank, N.A. (Citibank) as administrative agent, and a syndicate of lenders as defined in the 364-Day Credit Agreement. This facility replaces Boeings previous 364-day credit agreement, which was scheduled to terminate on November 5, 2015.

Under the 364-Day Credit Agreement, Boeing will pay a fee of 0.04% per annum on the commitments. Borrowings under the 364-Day Credit Agreement that are not based on Eurodollar rates will bear interest at an annual rate equal to the highest o f (1) the rate announced publicly by Citibank, from time to time, as its base rate, (2) the federal funds rate plus 0.50% and (3) the ICE benchmark settlement rate plus 1.00%. Borrowings under the 364-Day Credit Agreement that are based on Eurodollar rates will generally bear interest based on an applicable ICE benchmark settlement rate plus 0.835% per annum. The 364-Day Credit Agreement contains customary terms and conditions, including covenants restricting Boeings ability to permit consolidated debt (as defined in the agreement) in excess of 60% of Boeings total capital (as defined in the agreement) or to incur liens, merge or consolidate with another entity. Events of default include: (1) failure to pay outstanding principal or interest within...


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