Boeing (BA) share🦄s edged higher Tuesday morning after the s🎐truggling plane maker reported that it has taken steps to secure cash.

The company wrote in a regulatory filing that it plans to raise as much as $25 billion through the sale of debt or stock. In addition, Boeing said that it had struck a deal with several big banks to receive a $10 billion credit line.

Boeing Recently Annꦐounced Layoffs After Costly Strike

The moves come days after the company announced significant cost-cutting measures, including 澳洲幸运5开奖号码历史查询:laying off 17,000 workers, as it reels from the fallout from production issues and a four-week strike 📖by its 33,0🌱00 union machinists.

Several media outlets reported Boeing explained that the moves "are two prudent steps to support the company's access to liquidity" as it navigates through a "challenging environment." Investopedia has reached out to the company for comment.

Shares of Boeing have lost more than 40% year-to-date.