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Tag: Bombardier

Bombardier Announces Full Repayment of Senior Secured Credit Facility

MONTRÉAL, Feb. 17, 2021 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) today announced that it has initiated the repayment of the total outstanding balance of $750 million drawn on its $1 billion senior secured term loan facility (the “Facility”) established on August 19, 2020. Payout of the Facility, including all accrued interest and associated fees, will be […]

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Bombardier Closes Sale of its Transportation business to Alstom

Net proceeds to Bombardier of ~$3.6 billion, including ~$600 million in Alstom shares Proceeds strengthen liquidity and will allow the Company to begin debt paydown1; Pro-forma net debt as of December 31, 2020 ~$4.7 billion2  Completes Bombardier’s repositioning as a pure-play business jet company All amounts in this press release are in U.S. dollars unless […]

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Bombardier Confirms the Closing of the Aerostructures Business Transaction

All amounts in this press release are in U.S. dollars unless otherwise indicated. MONTREAL, Oct. 30, 2020 (GLOBE NEWSWIRE) — The closing of the previously announced aerostructure business transaction between Bombardier Inc. (TSX: BBD.B) and Spirit AeroSystems Holding, Inc. (NYSE : SPR) came into effect today on October 30, 2020. Spirit now owns Bombardier’s aerostructures […]

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Bombardier Announces Closing of Senior Secured Credit Facility

MONTREAL, Aug. 19, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today that it has successfully closed the previously announced three-year $1.0 billion senior secured term loan facility (the “Facility”) with HPS Investment Partners, LLC, acting as administrative agent, collateral agent and the lead lender for a group that included investment funds and accounts managed […]

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