Bombardier closes US$1B Senior Secured Credit Facility

Date Closed

August 18, 2020

Lead Office

Montréal

Value

1.00 Billion USD

On August 19, 2020, Bombardier finalized its three-year US$1 billion senior secured term loan facility. HPS Investment Partners, LLC acted as administrative agent, collateral agent and the lead lender for a syndicate of lenders that included funds owned or managed by HPS Investment Partners, Apollo Capital Management, and Ares Management, or their affiliates.

The borrowing base was based on Bombardier's aircraft inventory, and included complex security charging provisions.

Based in Montreal, Bombardier is a global leader in the transportation industry, designing and manufacturing aircraft and trains.

McCarthy Tétrault advised HPS Investment Partners with a team led by Marie-France Gagnon that included Dirk Rueter, Mary Jeanne Phelan, Louis-Philippe Samson and Zachary Masoud (Financial Services); James D. Gage, Alain Tardif and Hugo Anthony Babos-Marchand (Restructuring); Gregory Winfield and Robert Glasgow (Pensions); and André Baril (Labour).

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