Bombardier Announces Upcoming $400 Million Aggregate Paydown of its 2024 and 2025 Notes
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Rhea-AI Summary
Bombardier announced the partial redemption of $200 million of its 7.500% Senior Notes due 2024 and another $200 million of its 7.500% Senior Notes due 2025, successfully utilizing cash from its balance sheet. This action highlights the company's strong performance in 2021 and aims at further deleveraging its balance sheet and reducing debt costs. The company is committed to ongoing growth and will provide updates on its five-year plan during Investor Day on February 24, 2022.
Positive
- Partial redemption of $400 million in senior notes improves debt profile.
- Strong 2021 financial performance enabled cash-based redemption.
- Focus on deleveraging and reducing cost of debt supports financial stability.
Negative
- None.
Details
News Market Reaction – BDRBF
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Statement by Bart Demosky, Executive Vice President and Chief Financial Officer, Bombardier:
MONTRÉAL, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Earlier today, Bombardier Inc. (TSX: BBD.B) announced the partial redemption of
All of us at Bombardier will continue to work hard to steer the company further on the course we charted in our five-year plan, and we look forward to providing an update on our progress during our Investor Day on February 24.
For Information
Mark Masluch
Senior Director, Communications
Bombardier
+514 855 7167
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