Bombardier obtains C$1 billion three-year senior secured term loan

By Devika Patel

Knoxville, Tenn., July 22 – Bombardier Inc. has secured up to C$1 billion through a commitment for a three-year senior secured term loan from funds and accounts managed by HPS Investment Partners, LLC, according to a press release.

The facility is expected to be in place in the third quarter of 2020.

Proceeds will be used for working capital and general corporate purposes.

Bombardier is a Valcourt, Quebec-based aerospace and transportation company.

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