Bombardier Inc. T.BBD.A

New Notes

[Truthifest]

Looks like the new note issuance was oversubscribed.  Good to see so much interest.  And speaking of, lol, the new rate is the same as the upcoming retired debt.  So, the net is additional cash runway.  Nice.

[BBDB859]

It's all good. Because even though it's the same 7.5% rate, as the one they're replacing. They've paid down $750M of that 2025 Note in doing so They could have waited to get the higher Ratings from the Rating Agencies to get a point or 2 bellow that. But they got a company to run and the years go by really quickly. I just don't see the value in that, that it's worth waiting

[Truthifest]

Oh, and I forgot to mention that, hopefully the apparently enthusiastic appetite for the new notes translates to the equity desk, too.  Which then leads me to wonder if the company might take advantage of a growing equity appetite with an equity issuance, possibly after raised 2025 Plan guidance is given at Investor Day in March, if not Feb 9th, with the higher stk price and increased