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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 bicenteon May 18, 2021 8:21pm
369 Views
Post# 33227531

RE:BBD Finds White Knight to Fend Off Debt Breach Challenge

RE:BBD Finds White Knight to Fend Off Debt Breach ChallengeI thought it would be a partner I guess I was wrong ... ;) ... GLTA quote=BestGoldigger]

https://news.bloomberglaw.com/bankruptcy-law/bombardier-finds-white-knight-to-fend-off-debt-breach-challenge  Bombardier Inc. sold an additional $260 million of its 7.45% bonds due 2034 to an unidentified party in a move that will make it more difficult for creditors to trigger a default by arguing that the company’s divestitures ran afoul of investor debt protections.

The buyer of the new notes owns a majority of the $510 million of 2034 securities and has agreed to approve certain covenant changes tied to the bonds, Bombardier said in an statement Tuesday. Bombardier is in the process of getting investor approvals to amend terms of eight bonds after it received a letter...


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