Bombardier Is On Track To Reach Net Leverage Ratio Target Following $500 Mln Debt Redemption Notice
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Bombardier Inc. announced it is on track to reach its net leverage ratio target of 2.0-2.5x. The company will reduce its long-term debt by $5.5 billion following a $500 million debt redemption notice, resulting in annualized interest cost savings of over $409 million. This move reflects Bombardier's commitment to managing its debt maturity responsibly.
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