Bombardier to repay outstanding C$750 million balance on term loan

By Taylor Fox

New York, Feb. 17 – Bombardier Inc. initiated the repayment of the total outstanding C$750 million balance drawn on its C$1 billion senior secured term loan facility established Aug. 19, according to a news release.

Payout of the facility will be completed Feb. 19 and will include all fees and interest.

Bombardier is a Valcourt, Quebec-based designer, manufacturer, distributor and marketer of powersports vehicles and marine products.

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