CNBC reports:

Boeing has secured more than $12 billion in financing from more than a dozen banks as the industrial giant shores up its balance sheet amid the nearly yearlong grounding of the 737 Max following two fatal crashes, according to people familiar with the matter.

The manufacturer was trying to secure a loan of at least $10 billion, CNBC reported last week. Boeing declined to comment.

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    Boeing CNBC 747-8F