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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.

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

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