TSX:BBD.BAerospace & Defense
How Bombardier’s New Permitted Lien Basket Could Reshape Bombardier (TSX:BBD.B) Investors’ Risk Calculus
Bombardier Inc. has now completed its US consent solicitation, securing majority bondholder approval to amend the indenture on its 7.450% Notes due 2034 and implementing a new permitted lien basket via a supplemental indenture.
This successful consent process, which includes a US$2.50 per US$1,000 consent fee for participating noteholders, may give Bombardier added flexibility in managing its capital structure and future secured financing options.
We’ll examine how adding a permitted lien...