MONTREAL (dpa-AFX) - Bombardier Inc. (BDRXF.PK), Wednesday announced that it is on track to reach its previously stated net leverage ratio target of 2.0-2.5x.
This comes as the company will reduce its long-term debt by $5.5 billion following the previously announced $500 million debt redemption notice, resulting in an annualized interest cost savings of more than $409 million.
The announcement reflects the company's commitment towards responsibly deploying capital and proactively managing its debt maturity runway.
Bombardier's stock closed at $18.17 on the OTC Markets.
Copyright(c) 2025 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2025 AFX News
