A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington.

Stephen Brashear | Getty Images

Boeing is planning to draw down on a more than $13 billion loan it secured in January earlier than expected, a person familiar with the matter said Wednesday, as the spread of the coronavirus roils markets.

Boeing shares plunged close to 10% to lows not seen since mid-2017, shaving 155 points off the Dow Jones Industrial Average.

The funding was a delayed-draw loan, meaning Boeing could secure the funding but would tap into it later. The early drawdown on the loan was earlier reported by Bloomberg News.

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