Bombardier Revenue and Liabilities; Covenants Analysis

Announced on Monday, May 3, 2021, Bombardier revenue and liabilities may see significant changes in connection with their recently disposed segments. Their latest divestitures may have violated restrictions in the 2034 notes and, in addition, Bombardier’s history of dispositions and corporate reorganizations give the company reason to argue that the sales did not constitute a fundamental change in their normal course of business. Our Americas Covenants by Reorg team analyzes the situation in detail breaking down the governing framework in terms of the asset sales and their aggregations as well as if these sales constitute all or substantially all assets, plus the team takes a deep dive into the Bombardier revenue and liabilities changes in relation to Boies Schiller’s arguments against the sales and the company’s quantitative and qualitative counterarguments.

To read our full covenants analysis on the Bombardier revenue and liabilities alterations in relation to their recent sales as well as access our debt documents, tear sheets, summaries and coverage of thousands of other stressed/distressed debt situations click through and request a trial: https://reorg.com/bombardiers-recently-disposed-segments-account-for-significant-revenue-but-also-significant-liabilities-company-has-history-of-dispositions-corporate-reorganizations/