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. > Why?

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Comment by PabloLafortuneon Feb 18, 2021 4:01pm

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Post# 32601428

RE:RE:RE:RE:RE:RE:RE:Why?

This is indeed Bombardier's sad reality. They're not _ _ _ _ _ who can make a phone call and the "broken" bond market suddenly has insatiable demand.

Jim99999 wrote: Yeah, with $1.5B due this year and a total of ~$4.5B due in the next 23 months, they kinda had no choice. If they hadn't got that cash in hand, they would be at the mercy of the lenders come refinancing, and we would be looking at 10% instead of (hopefully) 5-6%.

Jim

PabloLafortune wrote: Jim, thank you for your contribution. I for one didn't realize how much was due in 2021. Explains the BT sale IMO. By the way, I was thinking if the govt were to help it would be better if there were precedents. For example, line of credit - precedent now exists. Investment in shares on the open market - precedent (Fidelity). Convertible Loans many precedents recently. Otherwise, there might be blowback of the C series kind if there is not.