MONTREAL: Bombardier confirmed the closing of the previously announced sale of its transportation business to Alstom. Total proceeds to the vendors after the deduction of debt-like items and transferred liabilities are $6.0 billion. After deducting la Caisse de dépôt et…
MONTREAL: Bombardier has entered into an amended definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding Inc., supporting Bombardier’s strategic decision to reposition itself as a pure-play business aircraft company. This transaction is set to close on October…
MONTREAL: Bombardier announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (la Caisse) for the sale of its transportation business to Alstom. Under the SPA,…
MONTREAL: Bombardier reported that its second quarter cash usage was approximately $500 million better than previously expected and that it has secured a commitment from investment funds and accounts managed by HPS Investment Partners, LLC to provide a three-year senior…
MONTREAL: Bombardier confirmed the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries for a cash consideration of approximately $550 million, subject to post-closing adjustments and the assumption of liabilities by MHI related…