Bombardier Inc. T.BBD.A

New Press Release - Bombardier Announces Closing of its New Issuance of Senior Notes due 2030

MONTRÉAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$750 million aggregate principal amount of Senior Notes due 2030 (the “New Notes”). The New Notes carry a coupon of 8.750% per annum...read article.

[Shamhorish]

bbd is clearnig the Long term debt road up to 2030 can any expert explain is the advatage of getting money at 8.75% to pay debt at 7.5%

[Form001]

Too much debts to pay short term.

[Skyisthelimite]

Yup, I believe bbd559 had a very good post on this; pushing back in smaller tranches (750M) that just happen to be the same amounts of FCF that they expect to generate... GltaLongs 

[MyNameIsNobody]

They still had a 'runway' to manage the debt since no debt that was too big for the planned FCF was coming up in the next 2 years.  This makes me think that one of the following two things might be in play: 1. Unplanned investment coming up and they want to put whatever FCF they have in there.  (Bombardier Defense, new aircraft or something else, your guess is as good as mine

[PabloLafortune]

It might be that they can't afford to delay new product development given the competition.