Boeing financing unit to end separate SEC reporting
Jan 24, 2013 (Menafn - AIRLINE INDUSTRY INFORMATION via COMTEX) --US airframer Boeing BA said that its Boeing Capital Corp aircraft financing and leasing unit plans to suspend its separate US Securities and Exchange Commission reporting.
According to Boeing, the move will help streamline Boeing's financial reporting process while not affecting the financing and leasing unit's mission, operations or customer interactions.
Boeing Capital's financial information will continue to be included in Boeing's SEC disclosures.
The airframer has issued a full and unconditional guarantee of all outstanding publicly issued debt securities of Boeing Capital. The aircraft financing unit will suspend its separate SEC reporting after filing its form 10-K for 2012 in the coming weeks.
In connection with the plan to suspend reporting obligations, BCC will filee with the SEC on Wednesday to terminate its current debt registration statement.
Future funding requirements for Boeing Capital are expected to be raised at the corporate level and then provided to Boeing Capital through intercompany loans.
Find out more at www.boeing.com.
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