Bombardier secures up to $1 billion in credit, cites improved cash usage, shares rise

Bombardier shares rose 6% in morning trade. The Canadian corporate aircraft and train maker has pulled its 2020 forecast and announced job cuts as the health crisis pummels demand for high-margin private jets. The company said it secured a commitment from investment funds and accounts managed by HPS Investment Partners LLC to provide the three-year senior secured term loan. …read more

Source:: Yahoo Finance

      

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