- Bombardier (TSX:BBD.A) will undertake a US$500 million senior notes debt offering with a maturity date of 2033
- Management will allocate the proceeds to debt repayment and retirement
- Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world
- Bombardier stock (TSX:BBD.A) has added 24.76 per cent year-over-year and 418.63 per cent since 2020
Bombardier (TSX:BBD.A) will undertake a US$500 million senior notes debt offering with a maturity date of 2033.
The proceeds will go towards funding the repayment and retirement of outstanding debt. This includes the redemption of US$500 million of the company’s 7.875 per cent senior notes due 2027, of which US$683,142,000 remains outstanding.
According to Wednesday’s news release, these transactions are conditional on the market and any other stipulations management may set to ensure a value-accretive outcome.
The news follows Bombardier’s second-straight year of positive net income in 2024, with its adjusted net debt to adjusted EBITDA ratio falling from 3.3 times to 2.9 times year-over-year. The jet maker followed this up with continued profitability in Q1 2025, expecting top and bottom-line growth throughout the year.
About Bombardier
Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico.
Bombardier stock (TSX:BBD.A) last traded at C$90.76. The stock has added 24.76 per cent year-over-year and 418.63 per cent since 2020.
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