Boeing is expected to launch its plan to raise more than $15 billion in capital on Monday, a source familiar with the matter told Reuters.

Reuters first reported on Oct. 16 that the aircraft maker was moving closer to a plan to raise about $15 billion through common stock and a mandatory convertible bond, in a bid to shore up its finances battered by a ongoing crippling strike.

The new capital is expected to come from a combination of equity sales and convertible preferred shares, the source added, adding that the total amount raised could increase depending on demand.

Boeing declined to comment on Sunday.

Bloomberg News earlier reported the expected timing of Monday’s capital raise.

Last week, machinists voted nearly two to one to reject Boeing’s latest offer to end the strike that halted production of the 737 MAX.

The company said earlier this month in regulatory filings that it could raise up to $25 billion in equity and debt with its investment-grade credit rating at risk.

The aerospace giant has faced increased regulatory scrutiny, production restrictions and a loss of customer confidence since a door panel blew off a 737 MAX plane in flight in early January.

Boeing has been spending money all year and last week reported another quarterly loss of $6 billion. Earlier this month, Boeing announced it had reached a $10 billion credit agreement with major lenders: Bank of America, Citibank, Goldman Sachs and JPMorgan.

Boeing announced earlier this month that it would cut 17,000 jobs, or 10% of its global workforce, and delay the first deliveries of its 777X plane by a year.

The three largest credit rating agencies – S&P, Moody’s and Fitch – said they would cut Boeing’s rating to an undesirable level if the company takes on new debt without repaying some $11 billion in maturing debt. until February 1, 2026.