Bombardier Inc. T.BBD.P.B

Primary Symbol: T.BBD.A Alternate Symbol(s): BDRBF | BOMBF | T.BBD.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.

TSX:BBD.A - Post by User

Bombardier Inc. > The debt reorganisation job

<< Previous

Bullboard Posts

Next >>

Post by Tempo1on May 21, 2024 10:07am

336 Views

Post# 36049793

The debt reorganisation job

Surprinsingly, they want to push the term of another slice of debt only two months after the last move.

To be clear, they want to reimburse 540 M$ of 2 year term debt. This will be financed by a new 8 years (2032) 500 M$ bond and 40 M$ from working capital. Maybe more if, as usual, the market response allow them to increase the new issuance.

I understand that they want to clear the 2 B$ debt balloon of 2026, 2027 as fast as they can.

Given the current bonds rates, the new issuance rate will be over 8%.

<< Previous

Bullboard Posts

Next >>

Morning Market Outlook for June 3, 2024