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Boeing Co. has received orders of about $14 billion from around 20 banks for a loan that will give the planemaker more financial flexibility to manage the fallout from its grounded 737 Max jetliners, according to people familiar with the matter.

On an earnings call this morning, Boeing said it had received enough commitments to enter into a $12 billion term-loan facility. “Based on the strong demand, the size of facility could exceed this amount when the transaction closes in February,” said CFO Greg Smith.

The loan deal is expected to close on February 6, the people said. It was initially marketed at a size of $10 billion with potential to grow.

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