RE:RE:RE:RE:RE:RE:SPThey could sell military division (they would still supply basic aircraft + after service of basic aircraft). Im sure military clients arent thrilled with debt level, ownership structure and Quebec/Canada based (though they must love the product).
They could convert debt to convertible debt which is usually treated as equity but ranks ahead of common stock (and much lower interest rates). $1B convertible into 20M shares equivalent @ $70. IQ partners with family to maintain control ex $135M.
They get it down to $3-3.5B LTD, $200M interest, 7:1 ebitda to interest or 5:1 ebit/interest. $900M + per year to invest, BB, dividend, acquire, etc. Customers' Bombardier program would be de facto de-risked.