Some CFOs Are Boosting Their Credit Lines as Insurance Again Some CFOs Are Boosting Their Credit Lines as Insurance Against Recession
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while aircraft maker Bombardier Inc. said a new credit facility could help it in the event of a downturn --
Bombardier in the third quarter closed on a new $300 million, five-year revolving credit facility. Secured by working capital collateral, the facility will allow the Canadian aerospace company to keep less cash on hand to meet its target of $1.5 billion in available liquidity, said Chief Financial Officer Bart Demosky on a Nov. 3 earnings call.
The aerospace company is also taking steps to improve its free cash flow, one of a number of things to help ready it for the current uncertain economic environment, ric Martel, the company’s chief executive, said on the call.