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

Industrials Aerospace & Defense

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.

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Bombardier Inc. > Good news

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Comment by bbdaerospacecndon Feb 17, 2021 1:25pm

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Post# 32585935

RE:RE:RE:RE:Good news

at the conference call they said that they would close that loan first because the associated costs were high

Jim99999 wrote: The deal was that HPS had the right to demand 50% repayment of outstanding balance at time Alstom deal completed. They could waive this at their discretion. At the CC, BD annouced they had repaid 50% ($375M of the $750M balance), but did not state whether HPS had demanded repayment or not. Regardless, it is clear that BBD has voluntarily chosen to repay the other half and close this facility. Which surprises me, if it was as cheap as I thought it was.

Jim

Shamhorish wrote: if i remember well, the deal was to repay at least 500 million back upon receiving BT money, so they are just doing what was agreed upon and building lenders confidence i think