A PYMNTS Company

Bombardier Locks Up $1B Loan

By  |  July 23, 2020

Bombardier Inc. secured a $1 billion credit facility from direct-lending firm HPS Investment Partners LLC as the Canadian train and plane maker waits to close on a sale of its train-manufacturing business.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The loan helps the Montreal-based company fill a potential gap in funding as it seeks regulatory approvals for a sale of its train unit to Alstom SA of France, a transaction that could generate up to $4.5 billion for Bombardier.

    Full Content: Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.