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Bombardier and Alstom Sign Definitive Agreement for Sale of Transportation Business

Bombardier and Alstom Sign Definitive Agreement for Sale of Transportation Business

MONTREAL, Sept. 16 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (“la Caisse”) for the sale of its Transportation business to Alstom. Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation [...]

Bombardier Announces Closing of Senior Secured Credit Facility

Bombardier Announces Closing of Senior Secured Credit Facility

MONTREAL, Aug. 19 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today that it has successfully closed the previously announced three-year $1.0 billion senior secured term loan facility (the “Facility”) with HPS Investment Partners, LLC, acting as administrative agent, collateral agent and the lead lender for a group that included investment funds and accounts managed by [...]

Bombardier Reports Second Quarter 2020 Financial Results, Progress on Near-Term Priorities

Bombardier Reports Second Quarter 2020 Financial Results, Progress on Near-Term Priorities

MONTRÉAL, Aug. 6 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today its financial results for the second quarter of 2020 and provided an update on the actions the company is taking to manage the business through the COVID-19 pandemic. Bombardier also provided an update on the status of the previously announced divestitures undertaken to reshape [...]

REMINDER/Media Advisory: Bombardier to Report its Second Quarter 2020 Financial Results on August 6, 2020

REMINDER/Media Advisory: Bombardier to Report its Second Quarter 2020 Financial Results on August 6, 2020

MONTREAL, Aug. 5 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the second quarter ended June 30, 2020 on August 6, 2020. On August 6, 2020 at 8:00 a.m., EDT, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]

Media Advisory: Bombardier to Report its Second Quarter 2020 Financial Results on August 6, 2020

Media Advisory: Bombardier to Report its Second Quarter 2020 Financial Results on August 6, 2020

MONTREAL, July 29 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the second quarter ended June 30, 2020 on August 6, 2020. On August 6, 2020 at 8:00 a.m., EDT, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]

Bombardier Reports Better than Expected Cash Usage in the Second Quarter and a New $1 Billion Senior Secured Credit Facility

Bombardier Reports Better than Expected Cash Usage in the Second Quarter and a New $1 Billion Senior Secured Credit Facility

MONTREAL, July 22 (Korea Bizwire) — Bombardier (TSX: BBD.B) reported that its second quarter cash usage was approximately $500 million better than previously expected and that it has secured a commitment from investment funds and accounts managed by HPS Investment Partners, LLC to provide a three-year senior secured term loan (the “Facility”) of up to [...]

Bombardier Confirms Support for Commitments Announced by Alstom as Part of Bombardier Transportation Acquisition

Bombardier Confirms Support for Commitments Announced by Alstom as Part of Bombardier Transportation Acquisition

MONTRÉAL, July 9 (Korea Bizwire) — Bombardier (TSX: BBD.B) confirmed its support of the commitments announced by Alstom earlier today to address potential concerns raised by the European Commission in relation to Alstom’s acquisition of Bombardier Transportation, including the disposition of certain assets currently held by Bombardier Transportation.  Commitments to be submitted to the European [...]