Bombardier settles C$750 million three-year senior secured term loan

By Devika Patel

Knoxville, Tenn., Aug. 19 – Bombardier Inc. has closed its C$750 million three-year senior secured term loan with funds and accounts managed by HPS Investment Partners, LLC, according to a press release.

The deal was announced for up to C$1 billion on July 22.

The facility may be prepaid.

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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