Post by
Snowey on Dec 07, 2023 11:01am
GOOD NEWS - redeemed US$380 million
Some good news:
Bombardier Inc.
Wed, December 6, 2023
MONTRAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed all of its outstanding US$380 million aggregate principal amount of its 7.50% Senior Notes due 2025 (the “Redemption Notes”), as set forth in the notice of redemption issued November 6, 2023.
All the best to longs.
Snowey
Comment by
Snowey on Dec 07, 2023 11:11am
redeemed; Synonyms of redeem transitive verb 1 a : to buy back : REPURCHASE
Comment by
Snowey on Dec 07, 2023 3:33pm
Could it be? They got a FCF hit. New order comes with big down payment. They have applied some of it to LTD. All the best. Snowey.
Comment by
PabloLafortune on Dec 07, 2023 10:58pm
That redemption was 100% funded by the 2030 bond issue....
Comment by
bbdmic on Dec 08, 2023 7:02am
You are 100% right, let see how much they repay after Q4 results.
Comment by
Snowey on Dec 08, 2023 11:42am
Thanks Pablo, Makes sense. Redemption covered by the Bond Issue. All the best, Snowey.
Comment by
Form001 on Dec 08, 2023 1:38pm
Dont think so, BBD have enough money to pay the 380 M
Comment by
MyNameIsNobody on Dec 08, 2023 1:48pm
Bombardier stated that it was the purpose of this move with the new senior notes of 2030. (To repay 2025 debt and some of 2026-27, among other things) link - https://bombardier.com/en/media/news/bombardier-announces-closing-its-new-issuance-senior-notes-due-2030?page=0