Bombardier Inc. T.BBD.B

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

Industrials Aerospace & Defense

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global), spanning from the mid-size to large categories. The Company also provides aftermarket support for both of these aircraft, as well as for the Learjet family of aircraft. The Company's robust customer support network services the Learjet, Challenger, and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, The United Arab Emirates, Singapore, China and Australia. Its jets include Challenger 300, Challenger 350, Challenger 3500, Global 5000, Global 5500, Global 6000.

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Bombardier Inc. > The debt reorganisation job

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Comment by BBDB859on May 21, 2024 10:54pm

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Post# 36051219

RE:RE:RE:RE:RE:The debt reorganisation job

I think the picture is getting a bit clearer. They will have $750M left for the 2027, right through till 2032. Easy math. That's $750M X 6 years (2027-2032) = $4.5B

They're paying off the 2026 totally. And they are reducing the 2027 to $750M.

So they will now pay off, from 2024 till 2025 another $1B as they said. So that's $5.5 -$1B = $4.5B. In 2026 they start paying off 2027 and they'll be 2 years ahead of each $750M Bond. Remember they'll also have $1.2B in reserves every year from 2024 on as well.

They're exactly where they wanna be. The best part of this, is pretty simple. They'll reduce the LTD to $3.75B by the end of 2026. That exactly where this is going. Every bond will be paid off easily 2 years in advance. They will also have $300M of +FCF left over every year to put into reserves, starting from 2026 onward, for Investor support through share buybacks, and they'll get closer Investment grade by the end of 2026. I just don't see this plan changing. This is exactly how this is evolving right now.

bicente wrote:
MyNameIsNobody wrote: Lol..numbers came out while I was writing my previous posting.

They did manage to get a good deal, the debt is being massaged and coddled into something the market will appreciate.

Great job from Bart Demosky.. again!

They are making the moves that they can ... remember that they are setting up around the world and some funds are needed for these moves , sometimes minor changes make a big difference... I would have been worried if they were not saving any money ..GLTA