Bombardier Inc. T.BBD.A

2025 notes

[Micmar]

This debt repayment marks another important milestone in our deleveraging journey and demonstrates our continued commitment to strengthening our balance sheet. In the past 2 years, we have reduced total debt by more than $4.5 billion. This represents a 45% reduction in our debt since 2020 and translates into a significantly improved credit risk profile. The average maturity of our long-term debt is now 4.7 years and annual interest charges have been reduced by more than $330 million compared to 2020," said Bart Demosky, Executive Vice President and Chief Financial Officer.



GLTAL

[Micmar]

Forgot to post the link. https://www.stockwatch.com/News/Item/Z-C!BBD-3379181/C/BBD

[lb1temporary]

A Reminder: According to the financial statements (p106) the LTD at dec 31 was 5 980 M$. In January (completed in feb) they issued a new debt of 750 M$. +750 They reimbursed 655 M$ (396 M$ for the 2024 bonds and 259 M$ for the 2025's). The 2024 reimbursment was a redemtion of the remaining debt not a cash tender offer. The 2025 was a cash tender offer for 354 M$ but only 259 M

[clubhouse19]

There is also an argument that the 330 million / yr in interest savings cud be applied to that debt which would at least give the company much more maneuverability in managing that debt as they can use the savings to pay down further or use it elsewhere as investment for growth.

[BBDB859]

Great thanks for the exact number Temp. You're still the MVP of the posters here. I'll go into precise detail about the debt as soon as there is an upgrade from Moody's around  April or May. Then I'll outline the exact amount of outstanding LTD, with, coupon, times, etc.. I'm expecting close to a further $500M reduction in LTD this 2023. It all depends on their Margins

[BBDB859]

We're probably down close to $5.5B on LTD now. They'll probably tell us on Investors day. GL 

[clubhouse19]

Dec 22 debt was reported as 5.98 b.. so 5,5 b left seems right on.