Bombardier Inc. T.BBD.A

Lesailesduquebec - Bombardier - sentier- étroit

[momocau]

https://www.lesailesduquebec.com/bombardier-est-sur-un-sentier-etroit/?fbclid=IwAR0pd6AlRQ4k0N6nnlLv_uLtZ7jhX1Ij1PV4ZfjECVo6BBAKxH6MGDD47U

[Shamhorish]

momo.thank you good article +++ i hope once for all we are going to get over that "courbe d’apprentissage du Global 7500" because it has been going on for YEEEAAARS, and it seems that  they are slow learner just hope they will not repeat same thing in Q3 and Q4 as the article said "C’est la courbe d’apprentissage du Global 7500 qui est responsable de cette situation. Ce n

[momocau]

SHAMHORISH, D'accord avec toi a 100%

[BBDB859]

Thanks for the article momo. A potion of this article indicates that Bombardier has options in repaying the maturing JBD for 2021/22. IMHO this is the proper way to do it. Here it is: "Au total, la pandmie a cout 1,9 G $  Bombardier et cela se reflte dans son niveau d’endettement lev. En 2021, la compagnie devra rembourser 1,9 G $ et 1,4 G $ en 2022. La compagnie aura le choix

[stockitnow]

BBDB859 i think bombardier can sell Alstom shares after 3 months from closing BT sale. So in May then can sell. Hopefully at higher price the 43 euro they got.

[BBDB859]

Hey Stockit. I know that. You're not understanding my thought. What i'm saying to you below is. Why sell the Alstom stock in 3 months. Bombardier isn't going to need the money if they pay off the debt the way I suggested below? They can keep the Alstom shares for 3 years and sell them at a real good price per share then. Alstom knows that Bombardier will want to sell those shares in

[stockitnow]

Got it. I agree if they dont need to sell then dont.

[Jim99999]

I would prefer them to redeem the 2025 and 2027's. Those two issues total $3.5B and cost $270M interest each year. BBD can not afford to be paying this amount for years to come. The debt that is due in the near term is less expensive. Of the ~$5.2B that is due before 2024, about $1B is at 8.75%, the rest is at 6.125% or lower. I am hopeful that they can continue to use the $1B credit

[BBDB859]

I agree on both counts. They should get rid of the higher interest rate JB bonds of 2025 and 2027. But the only problem I foresee is that these Bond Holders are too far away 4years and 6 years. Why would the JB Holders agree to give up such high interest bearing bonds at 8.75% up (BTW is that correct 8.75%)? The only way Bombardier can get rid of those is to pay the penalties. If what you say is

[Jim99999]

The 8.75% is on ~$1B of the ~$1.9B due this year. 2025's: $1.5B @ 7.5% 2027's: $2B @ 7.875% 4 years at $270M/yr + 2years at $157.5M/yr = $1.395B interest on those two until maturity. Pay the penalties, I say. However, I suspect they will take a more cautious approach closer to what you suggest. I think they will want to keep a bit of a safety net in case the aviation recovery is not as

[BBDB859]

I thought it was all 1 Junk Bond for $1.9B this year. Not separated like you say 8.75% for $1B of it and $990M for Less interest. I'll have to do some more research on the debt. Either way, the 8.75% has to be discharged in whole, and maybe renegotiate the remaining $900M @ 7.75% down to 5.5%. By paying down $200M of the other $900M remaining it will bring the interest rate down to 5.5% on the

[Jim99999]

There are two issues due in 2021. They put out a tender offer in 2019(?) and partially redeemed both issues. The issue due in May 2021 has about 415M Euro outstanding, at a rate of 6.125%. The issue due in Dec 2021 has about $1B outstanding, at 8.75%. As well, they must pay 50% of balance on credit facility ($375M) at around 3.75% (I believe this rate to be accurate, but can not verify). Perhaps

[BBDB859]

If that's the JBD numbers as you say. Then My suggestion is get rid of th $1B in 2021 for sure. Also get rid of the $1.5B in 2025 and the $2B in 2027 by paying the penalty, what ever it is (my guess is interest diferential) to 5.5%. Oh do I remember the $2B @ 7.75% due in 2027, when DiBert was glowing in hapiness to do it. Because the Junk Bond market was so full of cash at the time, and he