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.