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Bombardier Inc. T.BBD.A

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

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 operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its 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, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Comment by BBDB859on Feb 17, 2021 10:41am
193 Views
Post# 32584081

RE:RE:Good news

RE:RE:Good newsGood question OG.

I've been grappling with these type of questions with Bomberdier ever since I started my second round of investments in Bombardier in 2016. They always did something stupid. In fact I couldn't believe some of the transactions they were doing. I think to answer your question is, you have to look at the financial state of Bombardier. In 2016 they were bleading cash, they need every dollar they can get their hands on, and had no security to give lending institutions. So they paid high rates, and the institutions were not exposing themselves to big/large loans with the Bomber, because of the chance of BK. Now things are different. The Bomber has money to clean things up, and set credit facilities straight. Let's see what transpires? Transparancy is coming whether they want it or not.



OGGambler wrote: What the repayment does is it releases the security (general security agreement that banks lend to canadian companies on) over all the assets of the company. When you look at these Oil and Gas companies that have $1B credit lines with 50 employees, you ask yourself why BBD can't get a $3B credit line (half of EV) secured by all the assets of the company.


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