Bullboard - Stock Discussion Forum Bombardier Inc. T.BBD.A

Alternate Symbol(s): BOMBF | T.BBD.PR.C | T.BBD.PR.D | BDRPF | BDRXF | BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It... see more

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TSX:BBD.A - Post Discussion

Bombardier Inc. > New $260 million note ? BBD was supposed to repay notes !

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Post by BestGoldigger on May 18, 2021 5:06pm

New $260 million note ? BBD was supposed to repay notes !

SOMETHING IS WRONG !!! BT MONEY WAS TO REPAY NOTES. THEY ARE HIDING SOMETHING !

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Comment by BestGoldigger on May 18, 2021 5:36pm

Ok, now that "The buyer of the new notes owns a majority of the $510 million of 2034 securities and has agreed to approve certain covenant changes tied to the bonds", the goal to shut up the "bad guy 2034 note" is done , what BBD will do with this new $260 million debt ? __________

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Comment by gas61di56 on May 18, 2021 6:42pm

I know what they will do with it...:)

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Comment by PabloLafortune on May 18, 2021 7:13pm

Best use of funds. IMO is to buy back the pref C. At $18 they'd save actual cash (yield on prefs is 8.7% @$18) , interest is tax deductible whereas dividends are not ?, recognize a gain of $66M, removes potential share dilution of 115M shares (basically buying back 5% of bbd.b shares). Anything above $18 I will tender and plow back into shares. I have received in excess of $18 in dividends ...more

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Bombardier Inc.