Bombardier Inc. secured a $1 billion credit facility from direct-lending firm HPS Investment Partners LLC as the Canadian train and plane maker waits to close on a sale of its train-manufacturing business.
The loan helps the Montreal-based company fill a potential gap in funding as it seeks regulatory approvals for a sale of its train unit to Alstom SA of France, a transaction that could generate up to $4.5 billion for Bombardier.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
