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. > Where we sit with LTD

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Comment by Jim99999on Jul 17, 2021 4:06pm

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Post# 33565549

RE:Where we sit with LTD

You need to check your numbers. If they have $7.3B debt and $3.4B on hand, that suggests a net debt of $3.9B. We can only wish.

By my calculation, LTD is currently ~$7.35B, cash on hand is ~$2.1B, and net debt of about $5.25B

Jim

**N.B. My calculations include the previously announced redemption of the Mar 2022 bonds(~92M) and the previously announced partial redemption of the Oct 2022 bonds($475M), both of which close on July 22.

BBDB859 wrote: -The Bombers total remaining LTD is $7.3 Billion.

-They only used up $3B from the BT money. They're sitting on another $.6B there but they had some reserves to the tune of $1.8 which could be down to $1.4 now from the last Quarter..

-They're sitting on another $1.4 from the new LTD debt issue as well.

So total $3.4B on hand.

So they'll have to figure out how to best utilize their remaining money to fix the remaining LTD, and get a new LOC Facility in place, and for the remaining portion of the money on hand, they'll have to figure out exactly ($1.5B) what they need to keep on hand for operations..

My guess is that they will pay off another $1B LTD remaining for 2023, and maybe even take a stab at the Dec/2024 LTD, and use the rest for the remaining cash on hand for operations. Plus they'll put in place a LOC. This will put them in the clear till the end of 2024 (Dec.2024 in fact), before even thinking about the LTD. I also see them using them the remaining left over cash to figure out what cash BA really needs yearly to operate effeciently, so they don't have to pay for unnecessary interest along the way.

This is the plan I'm sure. Or a combination of these things.

The good part of all this is that we don't have to worry about the next 4 years (includind 2021) of LTD, and the only thing this management group has to do is, compete in their Business Jet Aviation field, and get the company some profits. They set things in place on the debt and now just focuss on the business. Get those maintenance jobs from other companies for their planes back, buy, referbish and sell some of their used planes, and sell new planes both as business jets and as utility and/or military jets.

Easy right?

Oh, and the share price will take care of itself.