Bombardier announces upcoming $400 Million aggregate paydown of its 2024 and 2025 notes

posted on 16th February 2022 by Eddie Saunders
Bombardier announces upcoming $400 Million aggregate paydown of its 2024 and 2025 notes

Yesterday, Bombardier Inc. announced the partial redemption of $200 million of its 7.500% Senior Notes due 2024 and $200 million of its 7.500% Senior Notes due 2025.

Thanks to Bombardier’s performance in 2021, they did this redemption by using cash from our balance sheet.

This marks another important milestone in deleveraging Bombardier’s balance sheet and reducing the cost of debt, which remain their main priorities as we continue to grow our business.

Thanks to Bombardier’s strong 2021 results, they can now accelerate the repayment of their debts from the free cash generated in the past year.

Bombardier has said they will continue to work hard to steer the company further on the course they charted in their five-year plan, and they have said to be looking forward to providing an update on their progress during Bombardier’s Investor Day on February 24.