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Bombardier will repay $500M in debt early, saving $409M yearly, as part of its ongoing debt reduction.
Bombardier plans to repay $500 million in senior notes before their 2028 maturity, with the transaction expected by February 17, 2026, as part of its ongoing debt reduction strategy.
This move follows a $5.5 billion decline in long-term debt since December 2020 and is expected to save more than $409 million annually in interest.
The company, led by CFO Bart Demosky, says it remains on track to achieve its target adjusted net debt to EBITDA ratio of 2 to 2.5.
The repayment comes alongside a deal to sell six Global 6500 jets to the Canadian government to replace aging VIP aircraft.
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Bombardier reembolsará $500M en deuda temprano, ahorrando $409M anualmente, como parte de su reducción de deuda en curso.