0000012927-13-000006.txt : 20130123 0000012927-13-000006.hdr.sgml : 20130123 20130123164406 ACCESSION NUMBER: 0000012927-13-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130123 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130123 DATE AS OF CHANGE: 20130123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOEING CO CENTRAL INDEX KEY: 0000012927 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT [3721] IRS NUMBER: 910425694 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00442 FILM NUMBER: 13543202 BUSINESS ADDRESS: STREET 1: P O BOX 3707 MS 1F 31 CITY: SEATTLE STATE: WA ZIP: 98124 BUSINESS PHONE: 312-544-2000 MAIL ADDRESS: STREET 1: 100 N RIVERSIDE PLZ CITY: CHICAGO STATE: IL ZIP: 60606-1596 FORMER COMPANY: FORMER CONFORMED NAME: BOEING AIRPLANE CO DATE OF NAME CHANGE: 19730725 8-K 1 a201301jan23bcc8k.htm 8-K 2013 01 Jan 23 BCC 8K



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K

 Current Report

PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACTOF 1934

January 23, 2013
Date of Report (Date of earliest event reported)
 
The Boeing Company
(Exact Name of Registrant as Specified in Charter)
 
 
 
Delaware
1-442
91-0425694
(State or Other Jurisdiction
of Incorporation)
(Commission File No.)
(I.R.S. Employer
Identification Number)
 
100 N. Riverside, Chicago, IL
60606-1596
(Address of Principal Executive Offices)
(Zip Code)
 
 
(312) 544-2000
(Registrant's Telephone Number, Including Area Code)
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 







Item 8.01 Other Events.
On January 23, 2013, The Boeing Company (“Boeing”) announced that its aircraft financing and leasing unit, Boeing Capital Corporation (“BCC”), plans to suspend BCC's obligation to file reports with the U.S. Securities and Exchange Commission (“SEC”). In connection with this announcement, Boeing has entered into guaranties, each dated as of January 23, 2013, with Deutsche Bank Trust Company Americas on behalf of the holders of BCC's outstanding debt securities issued under (i) an indenture dated as of April 15, 1987 and supplemented as of June 12, 1995 and (ii) an indenture dated as of August 31, 2000 (collectively, the “Guaranties”). The Guaranties provide for the full and unconditional guarantee of all the outstanding publicly issued debt securities of BCC, representing approximately $1.8 billion of principal in the aggregate. The amounts subject to the Guaranties have been previously disclosed as outstanding debt obligations in the consolidated financial reports filed by Boeing with the SEC, and Boeing will continue to report BCC as a segment in its SEC reports.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
 
Exhibit
Number
 
Description
 
99.1
 
Press Release of The Boeing Company dated January 23, 2013








SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
           
THE BOEING COMPANY
      
By:        /s/ Michael F. Lohr
          Michael F. Lohr
          Vice President, Assistant General Counsel and Corporate Secretary


Dated: January 23, 2013






 





INDEX TO EXHIBITS


 
Exhibit
Number
 
Description
 
 
99.1
 
Press Release of The Boeing Company dated January 23, 2013.
 



EX-99.1 2 ba991bccjan232013.htm EXHIBIT 2013 01 Jan 23 BCC 8K Exhibit 99.1


 
Exhibit 99.1
News Release
 
Boeing Capital Corporation
P.O. Box 3707 MC6Y3-16
Seattle, WA 98124-2207
www.boeing.com


Boeing's Aircraft Financing Unit, Boeing Capital, to Discontinue Separate SEC Reporting in 2013

Boeing will continue reporting on financing unit as part of corporate SEC filings

Change will generate reporting efficiencies; Unit's future funding requirements to be provided by Boeing corporate

Boeing guarantees Boeing Capital's outstanding publicly issued debt

Customers, stakeholders will see no change in Boeing Capital's mission or operations

CHICAGO, Jan. 23, 2013 - Boeing (NYSE: BA) announced today that its aircraft financing and leasing unit, Boeing Capital Corporation (BCC), plans to suspend its separate U.S. Securities and Exchange Commission (SEC) reporting. 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.

Boeing issued today a full and unconditional guarantee of all of the 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 file with the SEC today to terminate its current debt registration statement.

“This action will generate efficiencies in Boeing's financial reporting process while allowing Boeing Capital to continue to fulfill its mission of supporting the company's Commercial Airplanes and Defense, Space & Security customers and managing its financial risks, ” said Mike Cave, Boeing Capital's president. “Our customers and stakeholders will see no change in Boeing Capital's mission or how it operates. In addition, Boeing Capital intends to continue to maintain a target debt-to-equity ratio of 5.0 to 1.”

Cave said any future funding requirements for Boeing Capital are expected to be raised at the corporate level and then provided to Boeing Capital through intercompany loans.






Boeing Capital's roots date back more than four decades in service to the aircraft financing needs of Boeing's customers around the globe.
   
“Boeing Capital will continue to be reported as a segment in Boeing's SEC reports, and we will continue to provide transparency into BCC's financial results, financial position and leverage,” said Diana Sands, Boeing's corporate vice president and controller.

BCC currently has approximately 150 employees and is based in Renton, Wash., near Seattle.
Contact:
John Kvasnosky
Communications, Boeing Capital Corp.
Office: 425-965-4057
Mobile: 206-898-9528
john.kvasnosky@boeing.com

Caution Concerning Forward-Looking Statements
 
Statements in this press release relating to the intention to maintain a target debt-to-equity ratio for BCC are forward-looking statements.  There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements.  These include, among others, prefunding of debt maturities, Boeing Capital's results for any particular quarter, and changes in Boeing's or Boeing Capital's target for Boeing Capital's leverage and other factors identified in the Boeing's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and the company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.


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