BDRBF - Bombardier closes partial redemption of $500M in senior notes
2023-03-17 08:05:33 ET
- Bombardier ( OTCQX:BDRBF ) redeemed $500M principal amount of its outstanding 7.50% Senior Notes due 2025 in a notice of partial redemption issued Feb.14, 2023 .
- "In the past 2 years, we have reduced total debt by $4.5B+. 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 $330M+ compared to 2020," EVP & CFO Bart Demosky commented.
- Bombardier will provide further updates on its capital structure and strategic progress during its virtual Investor Day on Mar.23, 2023.
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Bombardier closes partial redemption of $500M in senior notes