Boeing raised $10 billion in debt on Monday, a move aimed at bolstering its financial position following a challenging first quarter where the company burned through $3.93 billion in free cash. The successful bond sale saw Boeing shares climb 3.4%, a welcome development after recent credit rating downgrades that brought the company's credit outlook close to "junk" status. S&P and Moody's assigned ratings nearing junk to Boeing's new senior unsecured notes, reflecting ongoing financial pressures amidst regulatory scrutiny and production challenges. The aerospace giant has faced a series of crises, from regulatory scrutiny over the 737 MAX to pandemic-related travel restrictions. Now, a production slowdown in the 737 MAX line, coupled with impending debt maturities, prompted Boeing's decision to tap into the bond market. 

Analysts anticipated this move as Boeing grapples with over $12 billion in debt coming due in the next few years, highlighting the company's efforts to manage its debt profile amidst market uncertainties. Boeing plans to utilize the bond proceeds to enhance liquidity, addressing near-term debt obligations, including significant maturities in 2025. Additionally, discussions about a potential acquisition of Spirit AeroSystems Inc. are underway, with Boeing exploring a debt-financed transaction.