01 June 2005
Bombardier is planning a $1.7 billion securitization of 70
aircraft in its customer finance portfolio. Wachovia is
arranging the deal.
Proceeds will refinance aircraft that have already been
delivered and also allow Bombardier to fulfil future finance
commitments that it has made as part of recent orders. Wachovia
provided bridging loan aircraft that have been delivered.
Bombardier has been working on the deal for more...
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Bank LTVs for a BB-rated or equivalent rated airline for 10-year secured bank debt for two new 737s, are now approximately:
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