Bombardier Closes Sale of its Transportation Business to Alstom
Net proceeds to Bombardier of ~$3.6 billion, including ~$600 million in Alstom shares Proceeds strengthen liquidity and will allow the Company to begin debt paydown1; Pro-forma net debt as of December 31, 2020 ~$4.7 billion2 Completes Bombardier’s repositioning as a pure-play business jet company All amounts in this press release are in U.S. dollars unless otherwise [...]