Workers picket outside the Boeing manufacturing facility in Renton, Wash., on Oct. 3. Photo: David Ryder/Bloomberg via Getty Images
Boeing has lined upaccess to as much as $35 billion in additional funds as it seeks to shore up its finances.
Why it matters: The jet maker is facing a bruising strike and is trying to recover from a series of quality and safety issues that have undermined production and deliveries.
Zoom in: Boeing disclosed today that it had secured a $10 billion credit agreement that it would have to tap within 120 days.
Separately, it filed a so-called shelf registration to raise up to $25 billion at any point over the next three years by selling stock or issuing debt.
The impact: Boeing shares rose over 2% to $152.35.
Catch up quick: The move comes days after the company announced plans to cut 10% of its workforce, or nearly 17,000 workers, as it cuts costs while production is hobbled.
