Bombardier Inc. T.BBD.A

New Press Release - Bombardier Completes Partial Redemption of US$100,000,000 of its 7.875% Senior Notes due 2027

MONTRÉAL, April 15, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 14, 2024...read article.

[clubhouse19]

In the mean time..  progress is still being made on deleveraging considering its their major issue. 

[Shamhorish]

it is good that they pay L.T debt what i have difficulty to understand is how this is good if they borrowed money to pay it , it is just kicking the can  ,, still owe same amount of money,  one thing that is good, is that they do not have to redeem it on 2027,  clearning the road for a few years

[HopefulJuan]

I thought they said the money came from operations. Significant if it was. Still interest to be paid but not the giant issue it has been in the past.

[BBDB859]

The $100M is coming from operations. The other renegotiated parts of the Bonds just reduced the 2026 and 2027's to half of the debt down to 2030 & 2031.. That means they've pushed half of the 2026/7 Bonds down but they are paying off the rest of $1B of those 2026 & 2027 ones, out of cash on hand, in 2024 and 2025 Which is remarkable. This outfit is doing great Juan. Stay hopeful.