Boeing Capital, a subsidiary of Boeing, has raised $750 million in a two-part debt offering, Reuters reports. The $500 million offering will mature on Aug. 15, 2016, while the $250 million tranche will mature on Aug. 15, 2018.

Bank of America, Deutsche Bank and JP Morgan were the combined bookrunners for the five-year tranche, while Bank of America, Credit Suisse and RBS managed the seven-year tranche. The proceeds will be used for common corporate purposes, which also include repaying of outstanding debt, adds The Wall Street Journal.

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