Bombardier Strikes Partnership with Logistics Firm Bombardier Strikes Partnership with Logistics Firm to Boost Global Delivery of Aircraft Parts; Completes Private Placement of US$260 Million Additional Senior Notes Due 2034 09:17 AM EDT, 05/18/2021 (MT Newswires) -- Embattled plane and train maker Bombardier (BBD-B.TO) on Tuesday announced a collaboration with Sterling Global Aviation Logistics in a bid to boost its capacity for the global delivery of aircraft parts to customers.
The partnership with the aviation transportation firm gives Bombardier access to a network of planes to quickly deliver parts to resolve aircraft-on-ground situations.
Separately, Bombardier completed the placement of US$260 million in 7.45% senior notes due 2034 to an institutional accredited investor. The notes are in addition to an existing series of notes originally dated in 2004 and bring the aggregate principal amount outstanding of the said series to $510 million.
Bombardier intends to use the net proceeds from the private placement to repay a portion of its outstanding debt.