Bombardier’s cash utilization decreases cash burn, secures up to $1 billion credit line

On Wednesday, in a statement Bombardier Inc said, it had managed to secure a loan of up to $1 billion; the utilization of its cash during its second quarter has also improved by around $500 million better than was previously expected.

Companies have been burning cash to stay afloat due to coronavirus pandemic.

Bombardier has also managed to secure a commitment from investment funds and accounts managed by HPS Investment Partners LLC to provide a three-year senior secured term loan.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy, Sustainability

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: