Bombardier Inc. T.BBD.A

Good news

[mtlmoneyman]

Bombardier announces full repayment of Senior Secured Credit Facility
maybe this will give a boost to the stock price

[Shamhorish]

mtl, thank you, off course good news, and may be this will help bbd det a new larger loan from same intity at low interesr 3-3.5% to pay LTD, Bombardier Inc. Wed, February 17, 2021, 7:07 AM ·1 min read        

[stockitnow]

Its good they are paying of debt sooner then later. With cash on hand from BT sale there will be more news in debt repayment. There could be trickle of news on debt management leading up to investor day. And on investor day they will talk about YYZ facility status, challenger refresh etc. Investors day shouldn't be about debt payment plan only.

[OGGambler]

There is no legal requirement for a company to disclose that they are buying bonds back.  Only when the quarterly financials come out are they required to (obviously).

[Mauserintime945]

Do you have the link ?

[Mauserintime945]

Voil Bombardier Details Full Repayment of Senior Secured Credit Facility 07:28 AM EST, 02/17/2021 (MT Newswires) -- Embattled plane and train maker Bombardier (BBD-A.TO, BBD-B.TO) said Wednesday that it has initiated the repayment of the total outstanding balance of $750 million drawn on its $1 billion senior secured term loan facility established on August 19, 2020. Payout of the Facility

[clubhouse19]

[ This repayment clears them to sell whatever that secured facility was restricting   Part of the cost reduction I suppose quote=Mauserintime945]Voil Bombardier Details Full Repayment of Senior Secured Credit Facility 07:28 AM EST, 02/17/2021 (MT Newswires) -- Embattled plane and train maker Bombardier (BBD-A.TO, BBD-B.TO) said Wednesday that it has initiated the repayment of the total

[BBDB859]

With this much cash on hand (close to $5.5B), any smart company with a good financial team, can fix most of it's financial problems. This is a big opportunity for them, I hope they don't blow it. Let's see if these incompetents can realize that, and clean their finances up of all expensive debt first. Up till now they were been ripped off on every loan. If they can come out of this

[OGGambler]

What the repayment does is it releases the security (general security agreement that banks lend to canadian companies on) over all the assets of the company. When you look at these Oil and Gas companies that have $1B credit lines with 50 employees, you ask yourself why BBD can't get a $3B credit line (half of EV) secured by all the assets of the company.

[BBDB859]

Good question OG. I've been grappling with these type of questions with Bomberdier ever since I started my second round of investments in Bombardier in 2016. They always did something stupid. In fact I couldn't believe some of the transactions they were doing. I think to answer your question is, you have to look at the financial state of Bombardier. In 2016 they were bleading cash

[johnney]

Let's hope this time for them and for us, that their doing the right thing this time, cause there will be no more back! Too, get that idiot of P.B. out of the board, cause if he wasn't bright enough in the last 5 years, why would he have changed! Martel will always be his employe, as Bellemarre has been! Investors are not fed up with Bombardier, but with the name Beaudoin, and that is a

[OGGambler]

Obviously the difference with this company is the controlling shareholder. Makes it more difficult to predict what the company will do. It's also why the share price is so low.  Be bold when others are fearful I guess.

[BBDB859]

You're right OG. The problem lies with the controlling Family. This the reason I refer to Pierre Beaudoin as the "idiot Heir". It was his blunder with the $6B debt for the CSeries that he agreed to give away for $0 to Airbus to start this death spiral. Then he lied the rest of the way out of necessity Sorry about the late reply. I had to rush out this morning.

[johnney]

BBDB, P.B. by lying after, this is what has brought us here today!

[johnney]

The family credibility is finished by investors! Something will have to happen, a reverse split hope not, being bought by someone else and wipe the shareholders first! a great company that it was before, being a penny stock now! Does this sends a real message to new shareholders, institutions, no! what about when there will be a market correction, and the company at a penny stock level, what do

[Zimmee1]

Good point, not today perhaps tomorrow if the TSX is green? Recent Trades - Last 10 of 2260 Time ET Ex Price Change Volume Buyer Seller Markers 10:38:04 T 0.63 -0.01 134 7 TD Sec 80 National Bank

[Zimmee1]

By paying this kind of a large sum of 3/4 of a billion ($) moneys that means perhaps Bombardier has already received some payments from Alstom that she owns now the BT Division?

[Jim99999]

Well, this puzzles me. I was under the impression that this credit facility was the least expensive of their debt. The news release about it mentioned Libor plus an agreed upon margin, and that it was secured with inventories and receivables. I thought the rate was about 3.8%. However, in the conference call, BD mentioned already repaying the first half of the facility, and said something to the

[Shamhorish]

if i remember well, the deal was to repay at least 500 million back upon receiving BT money, so they are just doing what was agreed upon and building lenders confidence i think

[Jim99999]

The deal was that HPS had the right to demand 50% repayment of outstanding balance at time Alstom deal completed. They could waive this at their discretion. At the CC, BD annouced they had repaid 50% ($375M of the $750M balance), but did not state whether HPS had demanded repayment or not. Regardless, it is clear that BBD has voluntarily chosen to repay the other half and close this facility

[MyNameIsNobody]

Jim had me thinking here... if the rates were as cheap as we thought they were compared to others debts they are still carrying... and even if they barely repaid 400 000$ more than they had to, maybe it's a sign that they already have something good ready for the rest of the debt repayment or financing? Like we're all saying lately, we'll know more on the 4th. Good luck to all and

[Jim99999]

Yes, I am thinking perhaps that facility was closed in order to arrange a larger one ($2B+?) with a different lender, hopefully on as good terms or better. Jim

[bbdaerospacecnd]

at the conference call they said that they would close that loan first because the associated costs were high

[BBDB859]

This company honestly. By the time we find out what they're doing we can lose  our whole investment. I think what they may be doing is that. They're discharging one facility with another cheaper one, now or later, that is less onerous. In order to do that, they would have to discharge it first. Remember this one incumbered, both both receivales/inventories. That's the only thing