--Boeing Co. (BA) has secured more than $12 billion in financing from about a dozen banks as it looks to shore up its balance sheet amid struggles to get its 737 MAX jets off the ground, CNBC said.

--Initially, Boeing had tried to get a loan of $10 billion, CNBC reported last week.

--The company's 737 MAX jets have been grounded since last March following two fatal crashes involving the model.

Full story:

https://www.cnbc.com/2020/01/27/boeing-secures-more-than-12-billion-in-financing-to-help-weather-737-max-crisis.html

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

January 27, 2020 15:39 ET (20:39 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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